IRS Tax Audits and
Tax Under-Reporting Found
1997

(click here for 1996)

Return Type
Number of Returns
(thousands)
Percent
Dollars**
(millions)
Percent
Total
1,589
100%
$24,932
100%
Individual income tax returns
low/middle income*
83.0%
20.36
---nonbusiness
1,154
$4,072
---business: schedule C
159
967
---farm: schedule F
6
14
high income*
12.6%
13.3%
---nonbusiness
120
1,781
---business: schedule C
73
1,149
---farm: schedule F
7
77
Corporate income tax returns
less than $250 million
66
4.1%
3,082
12.4%
$250 million or more
4
0.3%
13,486
54.1%

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 tax and penalties recommended.

Transactional Records Access Clearinghouse, Syracuse University
Copyright, 1999