5 Activities that Increase Chances of IRS Audit


An IRS audit is something no one looks forward to. But the IRS has recently employed a higher number of agents to increase their scrutiny of tax returns, resulting in a higher number of cases brought up for audit. Statistics show that overall, only 1.11% of taxpayers were audited last year compared to just 1% the year before. But for certain groups of taxpayers the audit rate was higher. For example, business owners were audited at a rate of slightly over 4% and the wealthier you are the more likely you get audited. Those earning more than a million dollars a year had an 8% chance of being audited.

In addition to your income bracket and business profile, there are other activities that increase your chances of being notified of an audit.

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.