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Worried About an IRS Audit? Here Are The Odds.

Audits may be on the decline but they still occur.
Here s What You Need to Remember: If you’re worried about an audit, then be honest and use tax prep software such as TurboTax or hire a professional tax preparer. That should help you stay clear of the audits.
One of the greatest fears for taxpayers is facing an audit. Fortunately, provided you file on top and are careful not to make mistakes, you should never actually face an audit. In fact, just one percent of Americans are audited each year, and that figure is still typically weighted towards those with higher incomes. ....

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Tax Return Question: What Are the Odds of Being Audited by the IRS?

Tax Return Question: What Are the Odds of Being Audited by the IRS?
Unless you’re making a considerable amount of money the chances of being audited aren t all that great.
One of the greatest fears for taxpayers is facing an audit. Fortunately, provided you file on top and are careful not to make mistakes, you should never actually face an audit. In fact, just one percent of Americans are audited each year, and that figure is still typically weighted towards those with higher incomes.
According to data from the Internal Revenue Service’s Fiscal Year 2009 Enforcement Results, which were published by MoneyUnder30.com, the total 2008 IRS enforcement employees was just 21,059. There were also just 326,249 field audits and 1,099,639 correspondence audits. The number of audits conducted has actually been on the decline. ....

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