What are Your Changes of an Audit?

Less than 1% of all tax returns were audited in fiscal year 2013 (0.96%).  This is down slightly from prior years in part due to budget cuts.  Does that mean you can let your guard down?  N0.  Audit rates for those who claimed no income, but should have, is over 6%.  Audit rates for those with income over $200,000 is also very with upper income taxpayers' audit rates of over 24%!

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