Here are Your Odds of Getting Audited by the IRS This Year
Jan 10th, 2012
Hey, here's some GOOD news about being POOR.
--According to data from the IRS, your odds of getting audited are DRASTICALLY lower this year if you make small money than if you make big money.
--Last year, the IRS audited 12.5% of people making more than $1 MILLION . . . that's one in eight. And they audited 4% of people making $200,000 and more . . . that's one in 25.
--They only audited 1% of people making less than $200,000 . . . that's one in one hundred.
--The same thing happened for companies. Businesses with $250 MILLION in assets had an audit rate of 27.6% . . . businesses with less than $10 MILLION in assets had a rate of 1%.