Government spending cuts are now having an
effect on the chances of you getting audited. The cut which is known as the “sequester”
is said to eliminate $600 million from the IRS’s budget this year. What does
that mean? And how does that affect me? The cut will cause IRS employees to go
on temporary unpaid leave for up to seven days starting May 24th and
continuing throughout the pay periods. Fewer agents on hand to assist taxpayer’s
wants/needs mean it may be harder to get the help you want. Due to the cut IRS
employees will have less time to work on audits, meaning they will not be able
to do as many audits as they did years prior. This does not mean you are in the
safe house, just because the IRS won’t be starting as many new audits as before
they will most likely pay extra attention to the ones they do focus on.
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