IRS Audit Statistics 2012

The IRS 2012 Data Fact Book reported during Fiscal Year 2012, (through 9/30/12) the IRS employed 97,941 employess (Budget $12.1billion), collected $2.5 trillion in taxes, processed 237.3 million tax returns.

Please see link, which details IRS 2011 audit activities as follows:

1) Form 1040 – 143.4 million tax returns filed, audit rate 1.03%

2) Form 706 – 12,582 tax returns filed, 3,762 audited (29.9%). Estates between $5 million and $10 million audited nearly 60%, estates over $10 million 100% audit rate.

3) Form 709 – 223,090 tax returns filed, 3,164 audited, (1.42%)

4) Form 1065 – 3,524,808 tax returns filed, 16,691 audited (.47%)

5) Form 1120S – 4,469,329 tax returns filed, 21,658 audited (.48%)

6) Form 1120 – 1,999, 266 tax returns filed, 32,701 audited (1.64%)

7) Form 1041 – 3,036,900 tax returns filed, 5,070 audited (.17%)

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