Monthly Archives: April 2018

IRS RELEASES LATEST AUDIT RATES 04.09.18

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Although IRS audit continue to get reduced for various reasons (short-staffed for one) computer generated audits are rammed up:

2017 Individual audit rates overall was .6% (1 of 167)

Earned Income Credit filers: over 1%

Schedule C returns: 1% – 2.1%, especially with gross receipts over $25,000.
Income over $200,000 and no Schedule C: .8% audit rate
with a Schedule C over $200K 1.6%

Millionaires 4.4%

C Corps– 1%

S Corps .3% (lowest)

Partnerships .4%