What's the likelihood that your income tax return will be audited this year by the Internal Revenue Service?
The short answer: not very.
In 2014, the IRS audited only 1% of all individual income tax returns for the preceding year. And if you exclude returns that included business or self-employment income, the odds fell to just 0.4%.
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The short answer: not very.
In 2014, the IRS audited only 1% of all individual income tax returns for the preceding year. And if you exclude returns that included business or self-employment income, the odds fell to just 0.4%.
Click here to continue reading in a new window.