The Internal Revenue Service audited less than 1 percent of the income tax returns filed last year. But your odds of getting audited vary greatly, depending on income.
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Individuals
146 million returns.
Audited: 1.4 million.
Audit rate: 0.96 percent.
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Income under $200,000
141 million returns.
Audited: 1.2 million.
Audit rate: 0.88 percent.
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Income $200,000 and above
5.3 million returns.
Audited: 172,000.
Audit rate: 3.3 percent.
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Income $1 million and above
363,000 returns.
Audited: 39,000.
Audit rate: 11 percent.
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Business returns
10 million returns.
Audited: 61,000
Audit rate: 0.61 percent.
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Small corporations (assets under $10 million)
1.8 million returns
Audited: 17,600.
Audit rate: 0.95 percent.
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Large corporations (assets over $10 million)
62,300 returns.
Audited: 9,900.
Audit rate: 16 percent.
(AP)
One Response
Interesting statistics. Keep it up