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Tax Drill - Audit Process Indicate whether the following statements are True or False regarding IRS audit procedures. a . Only a small number of
Tax Drill Audit Process
Indicate whether the following statements are "True" or "False" regarding IRS audit procedures.
a Only a small number of tax returns are audited.
b The IRS utilizes mathematical formulas and statistical sampling techniques to select tax returns that are most likely to contain errors.
c If an individual's itemized deductions are in excess of norms established for various income levels, the probability of an audit is decreased.
d The tax law permits the IRS to pay rewards to persons who provide information that leads to the detection and punishment of those who violate the tax laws.
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