The overall IRS audit rate for individual returns has sat below one percent for years, and for many filers it’s a fraction of that. Yet audit anxiety runs far higher than those odds justify. The gap between the fear and the numbers is worth examining, because misplaced fear leads to bad decisions, and the real risk factors are more specific, and more manageable, than the general dread suggests. What follows works through the questions people actually ask about audit exposure, answered against what the available data shows. How likely is an audit, really? For the typical individual filer, quite unlikely.…
Author: Alfa Team
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