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April 16, 2013

IRS Audits: Your Odds And Best Strategies
By Richard Eisenberg

An individual’s chance of being audited fell 7 percent last year, according to an analysis by the Transactional Records Access Clearinghouse, based at Syracuse University. Roughly 1 in 100 returns were audited (think of this as the new definition of “the 1 percent”). And the sequester might reduce the number of returns audited this year due to budget cutbacks for the Internal Revenue Service.

Transactional Records Access Clearinghouse, Syracuse University
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