Tax Guru – Ker$tetter Letter

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Archive for April 15th, 2002

Posted by taxguru on April 15, 2002

More IRS Propaganda

Now the Washington Post does its duty to help rile the public up to give the IRS more money to hire more auditors to catch those evil rich people who are cheating on their taxes. This claim that poorer people are being audited more often than rich people is fraudulent reporting. They are including so-called “correspondence audits” in the mix. Getting a letter from IRS stating that you forgot to report interest from a bank account is not the same thing as a face to face audit.

I don’t mean to be condescending; but poorer people are generally more likely to be less sophisticated about their finances and more likely to make mistakes when preparing their tax returns, such as accidentally forgetting to report a small amount of interest income. To equate receiving a letter from IRS about that with someone who has to assemble boxes and boxes of records and hire expensive CPAs and/or attorneys to fight IRS is completely bogus.

KMK

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