Below are the top 10 IRS audit trends -
- Most audits are done by mail
- The main issue in audits: The EITC
- An alarming amount of people do not respond to an audit
- The most common IRS challenge to a return is not an audit
- The IRS knows who to audit
- Field audits are rare, but expensive
- Want your business to escape audit? Be an S corp or partnership
- Audits on the wealthy are still popular, but have dropped
- Audits have dropped, but penalties are still prevalent
- Audits have dropped, but penalties are still prevalent