IRS income tax audits plummet as agency faces budget cuts

Americans filing income tax returns this year can worry less about being audited, after the Internal Revenue Service said budget cuts and a reduced staff are to blame for it auditing the fewest number of people in 13 years in 2016.“I don’t think it’s open season for people to cheat,” Joseph Perry, a partner at the accounting firm Marcum, told the Associated Press.Recommended:What does the federal government do with your money?