The IRS is Wrong 46 Percent of the Time!

Posted by accountingweb on Oct 5 2000 90 printer friendly

Who would have thought anyone would actually confirm what the CPA profession has known for a long time ... that the Internal Revenue Service actually makes mistakes!

A study by the U.S. Treasury Department confirms that the Service only had the right answers about 54 percent of the time with questions asked through its Web-based Tax Law Assistance program.

A story picked up by the New York State Society of CPAs mentions an opinion held by the National Federation of Independent Business that the small business owner believes the tax code is just too complex to interpret accurately--even for the Service.

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