Tax Law Updates | New Statutes, Regulations, and Rulings
September 24, 2009
About 6,000 Companies to Undergo IRS Audit on Employment Tax Compliance
IRS Employment Tax Compliance Audit
IRS No. ____, 9/22/2009
About 6,000 companies will undergo audit to be conducted by the Internal Revenue Service (“IRS”) for the purpose of verifying whether they remitted the proper employment taxes to cover Social Security (“SS”) and Medicare benefits, according to a Bloomberg report (See http://www.bloomberg.com/apps/news?pid=20601103&sid=anpR2t09GIeU).
This report was a follow up to an earlier statement issued by John Tuzynski, the IRS’s chief of employment tax issues late in October 2008. At that time, Tuzynski declared “a nice increase” in the number of employment tax cases over the next year (2009-2010). This will be a major focus for the IRS, and the agency has…
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