Here are Your Odds of Getting Audited by the IRS This Year
Hey, here’s some good news about being poor.
According to the Los Angeles Times data from the IRS, your odds of getting audited are drastically lower this year if you make small money than if you make big money.
Last year, the IRS audited 12.5% of people making more than $1 million . . . that’s one in eight. And they audited 4% of people making $200,000 and more . . . that’s one in 25.
They only audited 1% of people making less than $200,000 . . . that’s one in one hundred.
The same thing happened for companies. Businesses with $250 million in assets had an audit rate of 27.6% . . . businesses with less than $10 million in assets had a rate of 1%.