|
Answer: Millions of Americans get audited every year. During Fiscal Year 2005 the IRS completed more than 1.215 million audits of individuals, up almost 21% from the previous year's figure. Your chances for an IRS audit are higher depending upon certain types of income, certain amounts of income, your profession, the types of transactions, and the types of tax deductions claimed on your tax return.
Audits are on the rise again: up 6% in 2006, compared with 2005. "Field audits," the most feared type of audit where you actually sit down with an IRS officer, were up 23%, according to IRS statistics.
|