IRS Audit Statistics

According to the IRS Data Book (calendar year 2012, thru 9/30/12), in 2012, the IRS:

1. Processed 237.3 million federal tax returns

2. Collected $2.52 trillion in taxes

3. Issued tax refunds: $373.4 billion

4. Net tax collections: $2.15 trillion

Since US government spends $3.79 trillion there was $1.27 trillion “revenue shortfall”.

Largest source of IRS tax receipts was 55% ($1.387 trillion) from individual estate and trust income taxes.

Calendar year 2011 (thru 9/30/11);
1. Estate tax returns: 12,582 estate tax returns filed, 3,762 audited (29.9% audit rate); estates b/n $5-10m had a 60% audit rate, estates over $10m had a 100% audit rate;

2. Gift tax returns: 223,090 filed, 3164 audited (1.42 % audit rate)

3. Income tax returns: 143,399,737 individual tax returns filed, 1,481,966 audited (1.03% audit rate)

In 2013 the audit rates were as follows:
1. Individual audits less than 1% (.96%) ie.  1 of every 104 tax returns

2. Income under $200k, audit rate is .88% (less than 1%)

3. Income b/n $200k-$1m audit rate is 2.7% ( 1 out of 37)

4. Income over $1m, audit rate is 10.85% (1 of 9)

5. For top income: b/n $5-10m 16% audit rate, over $10m (24% audit rate)

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