Who gets audited by the Internal Revenue Service?

WASHINGTON - The Internal Revenue Service only audits about 1 percent of individual tax returns each year. But the more money you make, the more likely you are to get audited. A look at which returns were audited in the 2012 budget year:

   Individual returns filed in the previous year: 143 million.
 
   Audited by mail: 1.1 million.
 
   Audited in person: 360,000.
 
   Audit rate: 1 percent.
 
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   Individual returns with incomes above $200,000: 4.8 million.
 
   Audited by mail: 109,000.
 
   Audited in person: 70,000.
 
   Audit rate: 3.7 percent.
 
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   Individual returns with incomes above $1 million: 337,000.
 
   Audited by mail: 23,000.
 
   Audited in person: 18,000.
 
   Audit rate: 12.1 percent.
 
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   Small corporation returns (assets under $10 million): 1.9 million.
 
   Audited: 21,200.
 
   Audit rate: 1.1 percent.
 
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   Large corporation returns (assets $10 million and higher): 60,500.
 
   Audited: 10,800.
 
   Audit rate: 17.8 percent.
 
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   Source: IRS enforcement: http://tinyurl.com/agwzcon
 
 
   AP-WF-04-15-13 0832GMT
 
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