- On March 22, 2016
The audit rate for individual tax returns with income of $1 million or more rose from 7.5% to 9.55% versus a drop from 2.71% to 2.61% for returns reporting income of at least $200, 000, and a drop from .78% to .76% for returns reporting income of less than $200,000.
The IRS strategy of targeting “the 1%” makes it more important than ever that you have the right team in place.
Kelleher & Buckley, LLC provides a wide range of business and tax advice, as well as references to experienced CPA’s. Please contact us at (847) 382-9130.