How to Avoid an IRS Audit
I was recently quoted in the US News World and Report on the topic of How to Avoid an IRS Audit.
As I said in the article, few Americans are subject to a second look from the IRS. Audits are one of the few times that having an average salary is an advantage. Only about 1.1 percent of people who file a 1040 [the most common tax return] for the 2010 tax year were audited or about 1.5 million. The audit rate is 12.5 percent for people earning $1 million or more in 2010. This is up by 100 percent from 2009 levels! The IRS is aggressively going after this segment of the population
Read the whole How to Avoid an IRS Audit article on US News and World Report.
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