IRS audits of higher income taxpayers increase The IRS audited one in eight individuals with incomes over $1
million in fiscal year (FY) 2011. While the overall audit coverage
rate for individuals remained steady at just over one percent, the
a...
Tax gap grows to $450 billion; compliance rate holds steady The "gross tax gap," or the amount of tax owed to the U.S.
government that is not paid on time, climbed from $345 billion in
Tax Year (TY) 2001 to $450 billion in TY 2006, the IRS has
reported. (Be...
Established in 1985 and based in Raleigh, North Carolina, Adams, Martin & Associates PA is an accounting firm offering tax, accounting, auditing, and financial consulting services to businesses and individuals.We also provide specialty bankruptcy services and are often employed by trustees in the Eastern District of North Carolina.Led by shareholders Craig Adams and Ed Martin, we have 17 team members including 9 Certified Public Accountants.
We provide friendly, courteous, and exceptional client service. We pride ourselves on being honest, forward-looking, and proactive. We believe in working in partnership with our clients to help them achieve their goals. We value the relationships we have with our clients.