IRS Audits (Update)

On 2/24/15, the USA Today article, IRS Audit Rate for Individuals Drop by Kevin McCoy, confirmed that in 2014 the IRS Audit Rate dropped to .86% its lowest level since 2005.

Previously, IRS audits rose between 2005-2010 and have fallen 21.4% from 2011-2015.

In 2014 the IRS audited 1.1m taxpayers with income less than $200k (compared to 1.4m in 2010), and audited 34,000 taxpayers with income over $1m (compared to 41,000 in 2012).

Click link above for complete article.


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