IRS District, Service Center and International Audits
and IRS Auditor Findings of Additional Taxes and Penalties Owed

Federal Income Tax Returns of Individuals and Corporations
Fiscal Year 2001

(click here for 2000)

Return Type
Number of Audits
(thousands)
Percent
Dollars**
(millions)
Percent
Total
755
100%
$17,538
100%
Individual income tax returns  
low/middle income*
 
84.8%
 
11.2%
---nonbusiness
534
 
$1,624
 
---business: schedule C
104
 
339
 
---farm: schedule F
2
 
3
 
high income*
 
12.1%
 
7.6%
---nonbusiness
64
 
897
 
---business: schedule C
24
 
404
 
---farm: schedule F
3
 
35
 
Corporate income tax returns  
less than $250 million
20
2.6%
1,463
8.3%
$250 million or more
3
0.4%
12,773
72.8%

Source: TRAC analysis of Internal Revenue Service data

* low/middle income is less than $100,000 in total positive income or total gross receipts; high income is $100,000 or more.

**additional taxes recommended.

Transactional Records Access Clearinghouse, Syracuse University
Copyright, 2002