The Accounting Podcast

The Accounting Podcast Trailer Bonus Episode 292 Season 1

What Is A Fair IRS Audit Rate?

What Is A Fair IRS Audit Rate?What Is A Fair IRS Audit Rate?

00:00

The IRS is getting $80 billion in the Inflation Reduction Act. Who will they use that money to audit? And what should the audit rate be, anyway?

Show Notes

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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 - blake@earmarkcpe.com - Earmark Mail
https://mail.google.com/mail/u/0/#inbox/FMfcgzGqPpcnhlBpXnRkSWrVbWgxNFTq
 
1:11:58 – Message from Brian – Thank you!



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Creators & Guests

Host
Blake Oliver
Founder and CEO of Earmark CPE
Host
David Leary
President and Founder, Sombrero Apps Company

What is The Accounting Podcast?

The Accounting Podcast (formerly the Cloud Accounting Podcast) is the world's #1 accounting, bookkeeping, and tax podcast! Join us weekly for a roundup of accounting news, analysis, and interviews. Plus, earn free NASBA-approved CPE credits for listening with the Earmark app. Learn more at https://earmarkcpe.com.