Question

In: Accounting

Which of the following is an authoritative source for statistics on IRS audits? A. Internal revenue...

Which of the following is an authoritative source for statistics on IRS audits?

A. Internal revenue Manual (IRM)

B. Internal Revenue Service Data Book

C.Correspondence  Audits

D. Audit Technique Guide ( ATG)

Solutions

Expert Solution

B. Internal Revenue service Data book.

Note;

IRS Data book contains various kinds of information regarding the taxes collected, refunds issued etc.

The compliance presence section of the data book will give us various information regarding audit of most types of tax returns,

math errors noticed in such returns, number of cases settled by mail communication, number of cases settled by field communication etc.

Internal revenue manual consists of 39 parts dealing with various aspects such as organisation, technology used, processing of various returns etc,

Correspondence audit is done through mail communication.

Audit technique guide helps IRS examiner to solve various issues they face in examination of various tax related documents.

ekkarill92 answered 2 years ago
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