IRS Sets Goals for Employee Plans (EP)

Employee Plan Director Carol Gold of the IRS announced lead goals for fiscal 2006 yesterday. Combating abuses in EPs, such as abusive Section 412 (i) plans and ESOPs for S corporations is one major goal; another is better audit techniques. A pilot study of focused audit techniques will be implemented throughout the IRS in 2006 said EP Examination Director Michael Julianelle. Julianelle also noted in increase in EP exams with a 20-25% increase last year.