IRS Audits of the Rich Increases


The number of audits done on the rich has been increasing. 18.4% of taxpayers earning more than $10 million last year were audited compared to only 10.6% in 2009. But in general, for the fscal year ended September 30 the proportion of those audited rose for all income groups except for those who has no adjusted gross income, according to fgures released in Washington lately.

Besides the $10 million earners, those earning between $5 million and $10 million had an 11.6% chance of being audited last year. This represented an increase of 7.5% from the year before. Only 0.64% of those earning a gross income of between $75,000 and $100,000 were audited.

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Darrin Mish, Tampa Tax Attorney, The Law Offices of Darrin Mish, P.A. | Attorney Advertising

Written by:


The Law Offices of Darrin Mish, P.A. on:

Readers' Choice 2017
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.