Washington (May 3, 2004) -- Examinations of corporate tax returns fell again in fiscal 2003, continuing a decline that has seen the number of reviews plummet a total of 67 percent since 1997, the Treasury Inspector General for Tax Administration reported.
While individual returns were slightly more likely to be reviewed in fiscal 2003 than in FY 2002, examinations of all corporation tax returns, which have decreased continuously since FY 1997, fell from one out of 52 returns filed in FY 1997 to one out of 182 returns filed in FY 2003, the TIGTA said. The exception to the trend was examinations of corporate returns filed with no balance sheets, the number of which increased from 1,823 in FY 2000 to 3,682 in FY 2003.
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