If you’re worried about an IRS audit, there’s good news! According to a recent Government Accountability Office report, audits of individuals between 2010 and 2019 decreased for all income brackets, from 0.9% to 0.25%. Higher-income taxpayers experienced the biggest decline in audits, probably because they require more IRS staff review and resources. Lower-income audits, on the other hand, often are automated. For fiscal years 2010 through 2021, most additional taxes recommended by the agency came from taxpayers with incomes below $200,000. However, additional taxes recommended per audit rose as taxpayer income increased. Read the full report: https://bit.ly/3a31I1b Call or visit our website for more information! www.mjscpa.com/
