Do you wonder what your odds are of being selected
for an IRS audit? Statistics just released for tax returns filed in 2011 and
audited in 2012 show a 1% audit rate for individual tax returns. About 3.6% of
business returns with income under $200,000 were audited; returns with income
over $200,000 were audited at a 3.4% rate. Large corporations had a 17.8% audit
rate, while small corporations had a 1.1% rate.
