More audits in 2005.The IRS' beefed-up beefed-up adj. Informal Having been made greater or stronger: "Beefed-up sales efforts [by competitors] overwhelmed them" enforcement efforts have led to record revenues in 2005. Look for the trend of more audits of individual taxpayers, high-income high-in·come adj. Of or relating to individuals or groups, such as families, that are supported by or earn income considered high in comparison with that of the larger population: high-income taxpayers. taxpayers and businesses to continue in 2006.
FY04 FY05
Enforcement Revenue $43.1B $47.3B
Audits, Individual Returns 1 million 1.2 million
Audits, High-income
Taxpayers 195,000 221,000
Audits, Small Businesses
Organized as Corps 7,294 17,867
Audits, Larger Corps
(assets > $10M) 9,560 10,878
Note: Figures for Audits, Individual Returns and
Audits, High-income Taxpayers are approximate
Source: IRS
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