Author: foggedin

IRS Audit Rates/Statistics Based on Tax Filing TypeReturns FiledReturns AuditedPercentage AuditedSmall Corporation2,146,40018,2980.85%Large Corporation65,5469,53614.55%Subchapter S4,390,85717,4550.40%Partnership3,348,84512,8550.38%Individual137,849,6351,384,5631.01%My business prepares every clients financials from day one to protect them in an IRS audit or prepare them for an internal audit.  Our policy is basic.Keep the paper records (scanned and...