Audit rate falls — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

Audit rate falls

Get PDF file

by on
in Small Business Tax

The IRS recently announced that the 2013 audit rate for individual returns dropped to 0.96%, or one out of every 104 returns that were filed, down from roughly 1% in 2012.

This is the first time in seven years that this key indicator failed to reach the 1% mark. What’s more, tax experts predict that the rate will fall even further in 2014 as the IRS scrambles to make up for budget cuts.

Related Articles...

Leave a Comment

Previous post:

Next post: