re: Pucker up your buttholes, IRS to jack up audits

quote:

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Large corporations have expensive accountants and lawyers to navigate tax law. IRS will instead ream individuals who made honest mistakes

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I would actually argue they get more bang for their buck off of audits of large corporations. Sure, a Google will doggedly defend the tax planning they've done through intellectual property placement but they'll let concede other things based on the materiality to them. Tax departments are cost centers and don't have endless budgets. Most CFOs also dgaf about tax as long the effective rate isn't wildly out of the range of industry norms and you're not getting served with some material assessment.