Surprise! IRS Audits Up 11% This Year

Read this wonderful post on how the Federal Budget deficit is getting reduced, one audit at a time.

According to the IRS, the agency audited 1,581,394 individual returns last year, up from 1,425,888 in 2009. Did the increased audits produce increased revenues? You bet. The IRS collected $57.6 billion in enforcement revenues in 2010, up from $48.90 billion in 2009. Enforcement revenues have grown dramatically from the $33.8 billion that was collected in 2001.