Friday, April 29, 2016

You Met the Tax Filing Deadline, Now What Are The Chances You Will Face An IRS Audit?

Thanks to continuing Congressional cuts in the IRS budget, fewer and fewer Americans will face an audit of their return. The IRS revenue from examinations has dropped by about 10 times the savings from the budget cuts. The cuts have resulted in a net loss of over $5 billion in 2015. Compliant taxpayers meanwhile continue to pay their proper taxes while those who game the system have the security of knowing that the IRS is unlikely to catch on to their game.

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