Audits Are Down, But Don’t Get Your Hopes Up

Audits Are Down, But Don’t Get Your Hopes Up | Nawrocki Smith

For six straight years, the number of audits conducted by the Internal Revenue Service has decreased. In 2016, the rate at which people were audited fell 16% from the previous year, with about 0.7% of all taxpayers facing higher scrutiny of their returns. Digging deeper into the statistics, one can see that the higher the taxpayer’s income, the greater the chance of being audited. For example, taxpayers earning over $200,000 per year were audited at a rate of 5.8%, meaning they were over eight times more likely to be audited than the population as a whole.

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