audits

Defiant IRS boss vs. skeptical Republicans

Defiant IRS boss vs. skeptical Republicans

Defiant before skeptical Republicans, the head of the IRS refused to apologize Friday for lost emails that might shed light on the tax agency’s targeting of tea party and other groups before the 2010 and 2012 elections. Instead, Commissioner John Koskinen accused the chairman of a powerful House committee of misleading the public by making […]

Few audits of big business partnerships by the IRS

Few audits of big business partnerships by the IRS

The Internal Revenue Service audits fewer than 1 percent of large business partnerships, according to a government report released Tuesday. That means some of Wall Street’s largest hedge funds and private equity firms are largely escaping close scrutiny by the IRS, said Sen. Carl Levin, D-Mich. The Government Accountability Office says the number of large […]