The Anatomy of an Audit

“Will you face an IRS audit this year? The answer is…maybe.  

The fear of facing an audit is common, even if you know that you’ve done nothing wrong. And the number of taxpayers who must face an audit is up slightly since 2009. But even with that increase, only slightly more than one percent of all returns are actually audited.

Individuals who earn more than one million dollars and corporations with over ten million dollars in assets are most likely to be audited. Of course, you’re not totally off the hook if that profile doesn’t describe you, but the odds of staying audit-free are in your favor.

Learn even more fascinating facts about IRS audits. Check out the infographic below.”


Source: Anatomy of an Audit