Audit Rates for Low Income Taxpayers Greater than for Top Earners
IRS Says Release of Statistics that Might Explain Aberration "Would Adversely Affect Tax Administration"
Syracuse, March 28 -- According to new data from the Internal Revenue Service only 30 of the nation's thousands of millionaires were subject to a face-to-face IRS audit in 2005. The very small number selected for the traditional and sometimes intensive audits were drawn from 184,054 individual tax returns reporting a total positive income of $1 million or more.
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# posted by madthumbs @ 9:22 AM
