IRS Income Tax Audits (as of 9/30/09)
For the year ending September 30, 2009, the IRS conducted 1.4 million audits of individual returns:
1. Income Under $200,000 – 1% Chance of Audit
2. Income $200,000 – $999,999 – 3% Chance of Audit
(11% Increase in IRS audits from Tax Year 2008 to Tax Year 2009)
3. Income $1M+ (or more)
Chance of Audit: 5% (Over $1M); 10% (Over $10M)
(30% Increase in IRS Audits from Tax Year 2008 to Tax Year 2009)
