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  • Add You - IRS Auditing Big Corporations Less?

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    An IRS audit is one of those rain day events you hope never comes. For many taxpayers that get audited, a common question is why doesn’t the IRS go after bigger corporation that have all the money?

    IRS Auditing Big Corporations Less?

    It is a common refrain you hear time and again. Why does the IRS pick on the little guys when multi-national businesses are making tons of money and undoubtedly skimming on their taxes? This refrain sounds logical at first glance, but the devil is in the details as they like to say.

    Large corporations do file taxes. In fact, they carry a heavy burden in doing so. A functioning, large corporation [think Microsoft or General Motors] is just as overwhelmed by the tax code as you are. One of the large

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    IRS Auditing Big Corporations Less?

    It is a common refrain you hear time and again. Why does the IRS pick on the little guys when multi-national businesses are making tons of money and undoubtedly skimming on their taxes? This refrain sounds logical at first glance, but the devil is in the details as they like to say.

    Large corporations do file taxes. In fact, they carry a heavy burden in doing so. A functioning, large corporation [think Microsoft or General Motors] is just as overwhelmed by the tax code as you are. One of the large

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    the IRS pick on the little guys when multi-national businesses are making tons of money and undoubtedly skimming on their taxes? This refrain sounds logical at first glance, but the devil is in the details as they like to say.

    Large corporations do file taxes. In fact, they carry a heavy burden in doing so. A functioning, large corporation [think Microsoft or General Motors] is just as overwhelmed by the tax code as you are. One of the large

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    ogical at first glance, but the devil is in the details as they like to say.

    Large corporations do file taxes. In fact, they carry a heavy burden in doing so. A functioning, large corporation [think Microsoft or General Motors] is just as overwhelmed by the tax code as you are. One of the large

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    in doing so. A functioning, large corporation [think Microsoft or General Motors] is just as overwhelmed by the tax code as you are. One of the large entities, I believe General Motors, did a study that revealed it had to file one tax form or another every 3 minutes of the business week just to stay in compliance with the various tax regulations.

    Does this mean we should through some sympathy towards large corporations and their tax problems? Maybe or maybe not, but it does point out one interesting thing. With so many filings and such a complex tax code, most huge corporations are undoubtedly making errors when complying with the tax regulations. In some cases, it may be intention. In most case, however, it is probably a situation of hum

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