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Do Wealthy People Like Trump Have Easier IRS Audits? (Forbes) - No one wants to be audited, and the statistics show that any income level, audits are still a rarity. Not surprisingly, though, audit rates for big companies and wealthy individuals are higher than for others. ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES The Best New Features in iOS 10 (and How to Use Them) (How-to-Geek) - iOS 10 is one of the biggest upgrades Apple has made to their mobile operating system. If youâre overwhelmed by all the new and upgraded features in iOS 10 youâre certainly not alone... Top Considerations for 2016 Audit Cycle (JofA) - New rules about disclosing the name of the engagement partnerâas well as a continued regulatory focus on internal control over financial reporting. IRS Offers Advice to Taxpayers Ahead of Hurricane Matthew (CPA Practice Advisor) - The IRS also reminds taxpayers that the agency is here to help including offering a special toll-free number to taxpayers in federally-declared disaster areas, staffed with IRS specialists trained to handle disaster-related issues. U.S. Jobless Claims Unexpectedly Fall in Latest Week (Reuters) - The number of Americans filing for unemployment benefits unexpectedly fell last week to near a 43-year low, an indication of firmness in the labor market which may support an interest rate increase by the U.S. Federal Reserve this year. Taxation Accounting/Audit Business News | TOP 5 MOST READ
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