Tag: IRS audits

Overall Audit Odds Increasing for Individuals

April 24, 2013

Be on notice: the random selection IRS audit process is raising the odds against individual taxpayers…Numbers show the odds that your individual tax return will be audited have increased every year for the last ten years, except for 2012.

IRS Audits Target Small Business Owners

April 18, 2013

Now preliminary findings of a TAS study on taxpayer compliance seems to confirm what many small business owners suspect; small business owners, especially sole proprietors, are under more scrutiny and are more likely to be audited.