What Are Your Chances Of Being Audited By The IRS?
By Michael Moran, The Tax Killer™
(Apex Tax Defense LLC)
I focus my practice on tax resolution, representing taxpayers in Colorado, Florida, and across the United States. Many taxpayers worry about the possibility of being audited by the IRS, but the likelihood of an audit is relatively low (at this point in time), although that is expected to increase with the additional hirings the IRS is making. Several factors can increase your chances of being audited, including: High Income: Taxpayers with high incomes are more likely to be audited than those with lower incomes. Self-Employment: Self-employed individuals are more likely to be audited than those who are employed by a company, especially if you are Schedule C filer. In my experience, Schedule C landscapers, contractors and real estate agents fall into this category. S corporations have b...