Corporate Tax Audits on the Rise

Corporate Tax Audits on the Rise

Corporate Tax Audits of are increasing across the country at both the federal and state levels, according to a new survey by Tax Preparation Miami. With all the recent publicity about major corporations that have managed to avoid paying federal income taxes, that’s probably no surprise says Tax preparer Miami CPA Gustavo Viera.

Tax Preparation Miami states that the majority of the 890 corporate tax preparer Miami surveyed said federal and state Corporate Tax Audits increased in the past 12 months, and the majority of them also believe audit activity will increase over the next year too.

Nearly two-thirds of those tax preparer Miami polled said federal tax dispute activity had increased in the past 12 months, while more than one-third said the total number of state Corporate Tax Audits in jurisdictions in which they do business has also increased according to Tax Preparation Miami.

Tax Preparation Miami is warning companies of all sizes to be prepared for a potential Corporate Tax Audits in advance of receiving an audit notification. As a tax preparer Miami that’s probably good advice, especially as the IRS has been looking to tools like its expanded CAP program to encourage greater corporate tax compliance.


By Gustavo Viera

Gustavo A Viera, CPA, is the managing partner in Gustavo A Viera, PA, CPA. His experience spans more than 25 years. His public accounting experience includes a senior audit manager at PriceWaterHouseCoopers with a focus in the healthcare industry, and Chief Financial Officer of Hewlett Packard Latin America and Telefonica of Spain. Gus also writes a blog twice a week that addresses issues his clients have at He has also taught in the SBA program in Miami FL, and is admitted to practice in the State of Florida licensed Certified Public Accountant. Gus welcomes questions and he can be reached at Gustavo A Viera, PA, CPA, One Alhambra Plaza Floor PH Coral Gables FL 33134 (786) 250-4450.