Audit rates of returns for 2015: Audit percentage rates are decreasing! Trend lines are declining as the IRS has a net loss of employees of 17,000 employees since 2010. Audits can be conducted either by mail or in person.
If you are audited, seek tax guidance.
While the general rate of audit is less than 1%, if you earn more than $1,000,000.00, the chances of audit increase to almost 10%. For more information about your chances of getting audited, check out Time Money article These People are Most Likely the People Who Will Get Audited.
Getting audited does not have to be a terrible experience. Hire a DFGTax professional today to help you through the confusion as your audit representation!