News - National
IRS auditing 1 percent of returns under $200,000
Posted: Dec 22, 2009 11:03 AM by Associated Press
Your best chance of avoiding an IRS audit is to earn less than $200,000. IRS enforcement numbers released Tuesday show returns under that amount have a 1 percent chance of getting audited.
Returns above $200,000 have a 3 percent audit chance. The percentage jumps to 6 percent for returns showing earnings of $1 million or more.
The percentages apply to both individual and joint returns.
The number of audits jumped 11 percent from 2008 to 2009 for returns with earnings of $200,000 or more. The number of audits rose 30 percent for returns showing earnings of $1 million or more.
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