You may have heard that IRS audits are few and far between these days, and, for most taxpayers, the risk is indeed low. An average American taxpayer ten years ago was about three times more likely to be audited than they are today. The IRS just doesn’t have the staff and resources to audit like they used to. In fact, it’s been said that there are fewer auditors in recent years than at any point since World War II. But that doesn’t mean you’re off the hook. Thanks to improved technology, the IRS has become more efficient at identifying who exactly should be audited. Therefore, while fewer audits may be happening, the accuracy of those audits has increased tremendously. The result? The IRS is winning more cases and doing more with less.
Are You an Audit Risk?
