Could You Be Audited This Year?
There are certain pieces of mail that no one wants to see in their mailbox, and I’m not just talking about the normal electric bill. Notices of jury duty, legal matters, and one of the most dreaded pieces of certified mail? Notice of an IRS audit. Here’s the good news – the IRS audits less than 1% of all tax returns and that number has actually dropped due to years of repeated budget cuts. Despite the fact that there are less IRS agents employed to conduct these audits, they still have to keep the dollars coming in.