Tag Archives: Audits

IRS singles out Tea Party donors for audits

IRS auditEven if you’ve done nothing wrong, an IRS audit is expensive. Congress learned that the Internal Revenue Service singled-out donors to Tea Party groups, auditing their tax returns ten times as frequently as for regular taxpayers.

The House Ways and Means Committee announced that the IRS subjected 10% of those donors to audits, compared to only 1% on average for everybody else.

As one attorney described the burden: “It has cost them their retirement; it has cost them tens of thousands of dollars to fight the IRS; it’s expensive.”

Read more: http://www.washingtontimes.com/news/2014/may/9/istook-illegal-irs-audits-rob-tea-party-supporters/#ixzz3cVpm8MPb