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Article of Interest: This Year’s IRS Audits Are Bad News for the Rich

The IRS is turning up the heat on taxpayers. Some of them, anyway.

In a recent article published by Bloomberg, Ben Steverman shares with readers that the number of audits conducted by the Internal Revenue Service has dropped as it continues to reel from years of budget cuts. But even as its workforce shrinks, the agency must keep the money flowing into the U.S. Treasury. The solution in 2017? Focus on target-rich environments, and squeeze more dollars out of each audit.

To read the article, please read This Year’s IRS Audits Are Bad News for the Rich on the Bloomberg website.


Steve ManekinWith more than 30 years providing audit, accounting, and consulting services to professional service firms in Maryland, Steve Manekin’s wealth of industry knowledge, commitment to client service, and investment in the Baltimore community is a quality that very few accountants can match.  As a Director in Ellin & Tucker’s Audit, Accounting, and Consulting Department and as chair of the firm’s Law Firm Services Group, Steve specializes in helping law firms of varying sizes (ranging from sole practitioner to 200-lawyer firms) meet their accounting, tax, and business consulting and management advisory needs.

 

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