For inquiring minds that want to know what your chances for an IRS audit you can read below and find out what your chances are of an IRS tax audit.
Please note that these figures change from year to year but by very miniscule amounts.
IRS audits 1.1% of all personal income tax returns.
If you won the IRS audit lottery you should never go into IRS unrepresented for an IRS audit.
As a former IRS agent seeking good professional tax will in the long run save you aggravation, grief, stress and keep money in your pocket in the long run.
If you have received an IRS letter or notice that you are going to undergo an IRS tax audit is in your best interest to call former IRS agents and managers who know all of the protocols, techniques and tax defenses to best defend your tax return that is undergoing an IRS tax audit.
So , What are your odds/chances of a IRS Tax Audit
No adjusted gross income 3.43%
$1- $25,000 1.22
$25,000-$50,000 .73%
$50,000-$75,000 .83%
$75,000-$100,000 .82%
$100,000-$200,000 1.1%
$200,000-$500,000 2.67%
$500,000-$1,000,000 5.32%
1,000,000-$5,000,000 5.38%
$5,000,000-$10,000,000 20.95%
over $10,000,000
Total IRS Collections for the year
The IRS collected $2.5 trillion in total tax dollars in 2012, broken down as follows:
- From individuals: $2.1 trillion.
- From businesses: $285 billion.
- From other sources: $115 billion.
It is important to remember that IRS audits tax returns keeping in mind their budget For the current year and their available personnel to actually on a tax return.
If you have any questions regarding IRS tax audits call us today and you’ll speak to experienced IRS tax professionals to answer all your questions.
