What Is A Fair IRS Audit Rate?

SponsorsOnPay: https://cloudaccountingpodcast.promo/onpayFreshBooks: https://cloudaccountingpodcast.promo/freshbooksCanopy: https://cloudaccountingpodcast.promo/canopyNeed CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow Notes2:25 – davidleary on Twitter: "How come @amazon can do this with a $20 picture frame ...but @Ford can't do it with a $50k automobile? How do you lose a Mustang #MachE?!?!!?!? I find it hard to believe that a company puts millions $$$ of automobiles on train cars ...and can't track them. cc @jimfarley98 https://t.co/YmHTXsbqlR"https://twitter.com/davidleary/status/1558108425724108801 9:04 – How will the IRS use $80B in funding it could receive from the Inflation Reduction Act?https://www.morningbrew.com/daily/stories/IRS-funding-80-billion-inflation-reduction-act 14:01 – Tax Compliance:Trends of IRS Audit Rates and Results for Individual Taxpayers by Incomehttps://www.gao.gov/products/gao-22-104960#:~:text=From%20tax%20years%202010%20to,0.9%20percent%20to%200.25%20percent. 22:10 – Twitter: What % of individual income tax returns should the IRS audit?https://twitter.com/blaketoliver/status/1557876501789286400?s=12&t=QCA6FrS6BD8_eXrAlVoxMA 27:29 – IRS Deletes Job Posting Seeking Applicants Willing to ‘Use Deadly Force’ | National Reviewhttps://www.nationalreview.com/news/irs-deletes-job-posting-seeking-applicants-willing-to-use-deadly-force/ 29:26 – Tweet by Adam Markowitzhttps://twitter.com/adammarkowitzea/status/1555548397389635587?s=12&t=XCaiAZbt78Tt-0fan9Qbzw 31:15 – Hyperbolic GOP claims about IRS agents and audits - The Washington Posthttps://www.washingtonpost.com/politics/2022/08/11/hyperbolic-gop-claims-about-irs-agents-audits/ 53:09 – Opinion | Inside the IRS ‘Pipeline’ used to process tax returns - Washington Posthttps://www.washingtonpost.com/opinions/interactive/2022/irs-pipeline-tax-return-delays/ 57:57 – AICPA demands IRS answer calls on 'plummeting' practitioner priority phone linehttps://www.accountingtoday.com/news/aicpa-demands-irs-answer-calls-on-plummeting-practitioner-priority-phone-line 59:59 – AICPA weighs in on Inflation Reduction Acthttps://www.accountingtoday.com/news/aicpa-weighs-in-on-inflation-reduction-act Private-equity lobbyists have won their latest battle to preserve the carried-interest tax break.https://www.wsj.com/articles/how-the-private-equity-lobby-wonagain-11659834467 1:03:59 – Avalara To Go Private With $8.4B Acquisition By Vista Equityhttps://www.crn.com/news/applications-os/avalara-to-go-private-with-8-4b-acquisition-by-vista-equity Avalara to be bought by private investment firmhttps://www.accountingtoday.com/news/avalara-to-be-bought-by-private-investment-firm-vista 1:05:40 – Mailchimp Bans Crypto Companies Againhttps://thedigitalsanctuary.org/mailchimp-bans-crypto-companies-again/ 1:06:05 – Mark Cuban, Mavericks in hot water over Voyager 'Ponzi scheme'https://techcrunch.com/2022/08/11/mark-cuban-mavericks-face-lawsuit-over-crypto-voyager-ponzi-scheme/ 1:08:49 – Letter from Tom Herbert – Thank you! 1:10:00 – Message from Aileen Asche via CloudAccountingPodcast.com - [email protected] - Earmark Mailhttps://mail.google.com/mail/u/0/#inbox/FMfcgzGqPpcnhlBpXnRkSWrVbWgxNFTq 1:11:58 – Message from Brian – Thank you!Get in TouchThanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsPodchaser: http://cloudacctpod.link/podchaserSpotify: http://cloudacctpod.link/SpotifyStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast