IRS Audit Coverage: Selection Procedures Same for Foreign-Owned and Other U.S. Corporations

In response to a congressional request, GAO examined Internal Revenue Service (IRS) enforcement activities with respect to foreign-owned U.S. corporations to: (1) identify and analyze IRS procedures for classifying income tax returns that foreign-owned U.S. corporations file and for selecting specific returns to audit; and (2) develop and analyze audit statistics comparing foreign-owned and domestically owned U.S. corporations.