Well isn't that specialIRS audits of large corporations is down to its lowest levels in 20 years, according to The Syracuse Post-Standard and other sources.
The Transactional Records Access Clearinghouse said only 26 percent of corporations with $250 million or more in assets were audited in fiscal year 2007. That's less than half the 64 percent audit rate for large corporations in 1988, the report added.
It noted that the audit rate of smaller corporations has skyrocketed.
For each hour spent auditing large corporations, the IRS uncovered on average ten times more in unpaid additional taxes than for smaller corporations.
It pays to have friends in high places. Literally.