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Although
the chances of being audited are small-fewer than 1% of the 132 million
tax returns...
There are simple things that you can do to minimize
the possibility that you will be audited....
If payment can be made within a few months of
filing, pay as much as possible with the return or extension...
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IRS
Audit Rates |
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| The most audited businesses are sole
proprietorships and small to medium sized C Corporations. The lease
audited businesses are S Corporations, partnerships, or LLC's ( which
are taxed the sames as partnerships). |
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| Individuals - Non-business |
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| Total income of $50,000 to $99,999 |
0.77 |
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| Total income of $100,000 and above |
2.27 |
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| Individuals with business Schedule C |
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| $25,000 to $99,999 |
2.57 |
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| $100,000 and above |
4.13 |
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| C Corporations with assets of |
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Under $250,000
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1.19 |
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| $250,000 to 1 million |
3.52 |
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$1 million to $5 million
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7.78 |
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| $5 million to $10 million |
16.02 |
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| $10 million to $50 million |
20.10 |
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| S Corporation (Overall) |
1.04 |
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| Partnerships and Multi-Member LLC |
0.59 |
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| Privacy Policy |
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