The Accounting Podcast

What Is A Fair IRS Audit Rate?


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Show Notes

2:25 – 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 Income

https://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 Review

https://www.nationalreview.com/news/irs-deletes-job-posting-seeking-applicants-willing-to-use-deadly-force/

 

29:26 – Tweet by Adam Markowitz

https://twitter.com/adammarkowitzea/status/1555548397389635587?s=12&t=XCaiAZbt78Tt-0fan9Qbzw

 

31:15 – Hyperbolic GOP claims about IRS agents and audits - The Washington Post

https://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 Post

https://www.washingtonpost.com/opinions/interactive/2022/irs-pipeline-tax-return-delays/

 

57:57 – AICPA demands IRS answer calls on 'plummeting' practitioner priority phone line

https://www.accountingtoday.com/news/aicpa-demands-irs-answer-calls-on-plummeting-practitioner-priority-phone-line

 

59:59 – AICPA weighs in on Inflation Reduction Act

https://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 Equity

https://www.crn.com/news/applications-os/avalara-to-go-private-with-8-4b-acquisition-by-vista-equity

 

Avalara to be bought by private investment firm

https://www.accountingtoday.com/news/avalara-to-be-bought-by-private-investment-firm-vista

 

1:05:40 – Mailchimp Bans Crypto Companies Again

https://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 Mail

https://mail.google.com/mail/u/0/#inbox/FMfcgzGqPpcnhlBpXnRkSWrVbWgxNFTq

 

1:11:58 – Message from Brian – Thank you!


Get in Touch

Thanks 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) 695-1040

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The Accounting PodcastBy Blake Oliver & David Leary

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