The IRS has been on a hiring binge since the beginning of 2009 to step up the enforcement of the tax code by hiring revenue agents and officers nationwide.  This is the largest hiring initiative in recent history.  The hiring push started with the fiscal year 2009 omnibus bill, which contains $630 million above IRS's current funding level for it to address noncompliance through improved technology, collection efforts, and audits.  The new hires will focus on large corporate compliance and international issues. The IRS is hoping the hiring initiative will allow them to start chipping away at the $345 billion annual tax gap.

Safeguarding you company is a great responsibility, since the pressures of today’s economy have forced staff reductions in order to remain competitive.  With the IRS taking a more aggressive approach to audits, it is more important than ever to bulletproof your company on federal positions, documentation and internal controls.