2004 IRS Data Book statistics.The Service's 2004 Data Book (available at www.irs.gov/pub/irs-soi/04databk.pdf) revealed an increase in audits of both individuals and certain corporations in fiscal year (FY) 2004, when compared with the prior FY. The report showed a 14.8% increase in total audits and an 18% increase in audits of individual returns. Nevertheless, the Service audited fewer than 1% of taxpayers in FY 2004. However, the data confirmed its continued drive to enhance enforcement efforts. During FY 2004, the agency initiated 3,917 criminal tax cases and obtained a conviction in 2,008 cases. Almost 1,500 taxpayers were incarcerated incarcerated /in·car·cer·at·ed/ (in-kahr´ser-at?ed) imprisoned; constricted; subjected to incarceration. in·car·cer·at·ed adj. Confined or trapped, as a hernia. . Large-company examinations: According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the report, the Service selected 1,081,134 returns (0.62% of the total returns filed), for audit in FY 2004. The majority of audits--about eight in 10--were handled by IRS compliance centers. A total of 6,721 examinations were coordinated industry case audits, a type of examination that involves a team of auditors AUDITORS, practice. Persons lawfully appointed to examine and digest accounts referred to them, take down the evidence in writing, which may be lawfully offered in relation to such accounts, and prepare materials on which a decree or judgment may be made; and to report the whole, together comprehensively examining a return. In total, some 43,788 examinations resulted in refunds; 64,787 were still pending at the close of FY 2004. The Service audited 0.77% of individual income tax returns and 16.7% of returns filed by corporations with assets exceeding $10 million. Only 1.5% of excise tax Excise Tax 1. An indirect tax charged on the sale of a particular good. 2. A penalty tax applied to ineligible transactions in retirement accounts. This penalty is assessed by and paid to the IRS. Notes: 1. returns were audited. While the frequency of corporate audits decreased for entities with less than $10 million in assets in FY 2004 when compared to FY 2003, the IRS audited more frequently taxpayers monitored by its Large and Mid-Size Business Division, which concentrates on taxpayers with assets exceeding $10 million. For instance, 6.23% of corporate taxpayers with assets totaling $10 million-$50 million were audited in FY 2003; 9.35% of those taxpayers were audited in FY 2004. While 29.8% of taxpayers with more than $250 million in assets were audited in FY 2003, 39.8% of those taxpayers were audited in FY 2004. Tax-exempt organizations filed 863,494 returns during FY 2004; 5,800 of those were audited. Workload The term workload can refer to a number of different yet related entities. An amount of labor While a precise definition of a workload is elusive, a commonly accepted definition is the hypothetical relationship between a group or individual human operator and task demands. , collections and filings: The IRS's chief counsel's office had processed 65,563 cases at the end of FY 2004, a 1,613 decrease since the end of FY 2003. It was litigating 25,891 cases involving more than $20 billion in penalties and fees at the end of FY 2004. The IRS collected $2.02 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. in FY 2004, excluding certain excise taxes excise taxes, governmental levies on specific goods produced and consumed inside a country. They differ from tariffs, which usually apply only to foreign-made goods, and from sales taxes, which typically apply to all commodities other than those specifically exempted. . Corporations paid 10.6% of that total, while individuals paid 43.9% and employment taxes accounted for 41%. A total of 224.4 million returns were filed during FY 2004. Of those, 131.3 million were individual tax returns, 3.5 million were for S corporations and 2.5 million were for partnerships. About 67.6 million returns were filed electronically during FY 2004, including 61.5 million individual returns. Of those individual returns, 70.2% were filed by practitioners. While it cost $0.41 to collect $100 in FY 2001, it cost $0.48 in FY 2004. Finally, the IRS accommodated 77.6 million telephone calls and 7.3 million walk-in walk-in A new brokerage customer who simply walks into the office. Although walk-ins are generally assigned to brokers, they have the right to specify a preferred broker. visits during FY 2004. An estimated 463 million forms, instructions and publications were downloaded from the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the . |
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