Comment
0
Tweet
0
Print
RSS Feeds

A look at your chances of getting audited by IRS

Monday - 4/14/2014, 3:42am  ET

Chart shows the number of enforcement officers, and the share of returns that are audited.; 2c x 4 inches; 96.3 mm x 101 mm;

The Associated Press

The Internal Revenue Service audited less than 1 percent of the income tax returns filed last year. But your odds of getting audited vary greatly, depending on income.

___

Individuals

146 million returns.

Audited: 1.4 million.

Audit rate: 0.96 percent.

___

Income under $200,000

141 million returns.

Audited: 1.2 million.

Audit rate: 0.88 percent.

___

Income $200,000 and above

5.3 million returns.

Audited: 172,000.

Audit rate: 3.3 percent.

___

Income $1 million and above

363,000 returns.

Audited: 39,000.

Audit rate: 11 percent.

___

Business returns

10 million returns.

Audited: 61,000

Audit rate: 0.61 percent.

___

Small corporations (assets under $10 million)

1.8 million returns

Audited: 17,600.

Audit rate: 0.95 percent.

___

Large corporations (assets over $10 million)

62,300 returns.

Audited: 9,900.

Audit rate: 16 percent.

___

Source: Internal Revenue Service.


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.