Report: IRS Audits of Businesses Decline
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The pace of corporate audits by the Internal Revenue Service continued to decline in the first six months of fiscal 2004, despite IRS pledges to crack down on tax violators, an analysis of government data shows. The IRS differed with the findings.
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The number of companies applying to be wound up has fallen, but experts predict the figures to rise.
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The stock market plummeted yesterday after a report that businesses that account for a vast portion of the U.S. economy are shrinking.
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Congress and two states scrutinize the relicensing process after a federal audit found problems with safety documents.
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User satisfaction with U.S. government Web sites has declined slightly from the last quarter, according to a survey.
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An Internal Revenue Service system designed to protect the agency's modernized systems from hacking isn't working properly, according to a report by the Treasury inspector general for tax administration.
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America's largest and most profitable companies paid less in corporate income taxes in the last three years, even as they increased profits, according to a new study.
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Americans who filed their federal income tax returns in mid-April may think they're done with the Internal Revenue Service for the year. But some 3 million of them will soon be receiving "Dear Taxpayer" letters pointing out problems ranging from simple math errors to questionable itemized deductions.
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NEW YORK - Offering more evidence that the nation's economic recovery is losing steam, a closely watched gauge of future business activity fell in July for the second consecutive month.    The Conference Board said Thursday that its Composite Index of Leading Economic Indicators dropped by 0.3 percent in July to 116.0, following a revised decline of 0.1 percent in June...
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Tommy Hilfiger (TOM:NYSE - news - research) reported a drop in pretax earnings, lowered its guidance and delayed filing its second-quarter earnings statement amid an investigation by federal prosecutors into tax-related matters.
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The IRS does a poor job in identifying tax-exempt groups that may have links to terrorists, according to a report released Friday
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The four biggest accounting firms misapplied some standards and failed to properly maintain records of some audits, the new US auditing regulator said today in its first inspection reports.
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Vulnerable areas of CPA funds spark questioning
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Business tax cuts and proliferating shelters pushed the effective tax rate of 275 large U.S. corporations down by 20 percent since 2001, study shows.
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Between 2003 and 2006, FDA food safety inspections dropped 47 percent, according to a database analysis of federal records
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A new audit found lapses in how the M.T.A. runs Nostalgia Trains, vintage subway cars that are operated occasionally to benefit the New York Transit Museum.
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Legal and research expenses drag its bottom line down.