u:news&blog

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%. 

 

 

(Los Angeles Times)

Upcoming Events

24 May

Landing's Friday Night Double Mix

Join U93, DJ Grind and DeeJay Ott for the hottest party in town at C... [more]

25 May

Osceola Volunteer Fire Department

Osceola Volunteer Fire Department Auxiliary Rummage Sale. Items donat... [more]

25 May

Paris Flea Market

"Paris Flea Market" Sat May 25 7am-4pm Kosciusko County Fairgrounds ... [more]

25 May

Paris Flea MArket

Please add the email address in the event description debra@casabella... [more]