Did You Know… Your Odds Of Getting Audited Increased This Year?
Tuesday, April 17th, 2007Yes, it's true. The IRS increased the number of audits up to 1.3 million from about 618,000 in 2000. But even so, in 2006, there were only about 1% of the 132.3 million returns filed in 2005 that were audited.
There are three types of 'audits' performed by the IRS:
Correspondence Audits
Field or Desk Audit
Discrepancy Inquiry
Correspondence Audits […]