IRS collections from audits fall in 2008

“The number of reviews of returns filed by individuals increased slightly this year. Those earning less than $200,000 had about a 1 percent chance of being audited. Those with incomes of more than $200,000 had about a 3 percent chance of being examined.

Meanwhile, taxpayers with incomes of more than $1 million had a 5.6 percent chance of being audited, a drop from 6.8 percent the year before.”

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