IRS Plans to Cut Back Auditing of Large Corporations
By Noel Brinkerhoff and Danny Biederman | AllGov | April 11, 2013
The Internal Revenue Service (IRS) has decided to spend less time auditing multi-million dollar corporations.
Under a new plan revealed to Syracuse University’s Transactional Records Access Clearinghouse (TRAC), the IRS will expend 18% less effort auditing businesses with assets of $10 million or more compared with just two years ago.
The agency also sees itself devoting 14% less time for specialized revenue agents to conduct corporate audits in FY 2013, compared to what was allocated in FY 2011.
There has been less of a drop in the rate of individual taxpayer audits—5.3% in FY 2012, moving to 7% due to an increase in number of filed returns.
TRAC—which obtained the IRS planning document through a Freedom of Information Act request—noted that the reductions were decided upon before sequestration, which could result in the IRS implementing more cuts in the months ahead.
The IRS responded to the release of the TRAC report by pointing out that its budget was cut by $1 billion in 2010, and that its staff was reduced by 7,000 employees in 2011. It insisted that it maintains a fair balance between individual and corporate audits.
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From the Archives
The 15 Most Devastating Truths About the PSA Screening Disaster
Lies are Unbekoming | October 26, 2025
The prostate-specific antigen (PSA) test has screened 30 million American men annually for over three decades. The man who discovered PSA in 1970, Richard Ablin, now calls mass screening “a public health disaster.” Two landmark 2012 studies found no survival benefit from radical surgery compared to watchful waiting. The U.S. Preventive Services Task Force concluded PSA screening does more harm than good. Yet the $3 billion annual industry continues largely unabated.
These revelations emerge from three insider accounts: Ablin’s The Great Prostate Hoax, urologist Anthony Horan’s The Rise and Fall of the Prostate Cancer Scam, and oncologist Mark Scholz’s Invasion of the Prostate Snatchers. Together they document how a test meant to monitor existing cancer patients became a screening juggernaut that has left millions of men incontinent, impotent, or dead from unnecessary treatment.
The numbers are staggering. Since 1987, when PSA screening exploded nationwide, over one million American men have undergone radical prostatectomies. Studies show 40 to 50 men must be diagnosed and treated to prevent one death from prostate cancer. The other 39 to 49 men receive no benefit but face permanent side effects. Medicare and the Veterans Administration fund most of this treatment, pouring billions into a system that prominent urologists privately acknowledge has failed.
What follows are the most damaging truths about how PSA screening became entrenched despite overwhelming evidence of harm, why it persists against scientific consensus, and what this reveals about American medicine’s inability to abandon lucrative practices even when they damage patients. … continue
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The IRS has not been granted authority to audit anybody. At least, not by the US Dept. of Treasury, because the IRS is not an agency of the US Dept. of Treasury. Ask them to show their authority to do so, then ask them to prove that they’re part of the US Dept. of Treasury, and watch them bob and weave.
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