Global High-Wealth Audit Update

While the IRS audit rate for individual returns of persons earning less than $200,000 has hovered at about 1% over the past several years, 12% of individual taxpayers with incomes of $1 million or more were audited in fiscal year 2011.

Source: http://feedproxy.google.com/~r/AICPA_TaxAdvisor/~3/-FzeVXkqWp0/DCCurrents_July2012.aspx

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