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Who Gets Audited by the Internal Revenue Service?

Who Gets Audited by the Internal Revenue Service?

(AP) Who gets audited by the Internal Revenue Service?
By The Associated Press
The Internal Revenue Service only audits about 1 percent of individual tax returns each year. But the more money you make, the more likely you are to get audited. A look at which returns were audited in the 2012 budget year:

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Individual returns filed in the previous year: 143 million.

Audited by mail: 1.1 million.

Audited in person: 360,000.

Audit rate: 1 percent.

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Individual returns with incomes above $200,000: 4.8 million.

Audited by mail: 109,000.

Audited in person: 70,000.

Audit rate: 3.7 percent.

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Individual returns with incomes above $1 million: 337,000.

Audited by mail: 23,000.

Audited in person: 18,000.

Audit rate: 12.1 percent.

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Small corporation returns (assets under $10 million): 1.9 million.

Audited: 21,200.

Audit rate: 1.1 percent.

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Large corporation returns (assets $10 million and higher): 60,500.

Audited: 10,800.

Audit rate: 17.8 percent.

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Source: IRS enforcement: http://tinyurl.com/agwzcon

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