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IRS Increases Estate Tax Audits

During 2012, the Internal Revenue Service (IRS) Audited Estate tax returns in greater volumes than any other category of individual tax returns.

  • The 2012 Internal Revenue Service Data Book showed that 29.9% of the 12,582 estate tax returns that were filed in 2011 were audited by the IRS.  
  • The figure was a major rise from the 2010 per cent audit rate of 18.2%.
  • Estates with assets worth between USD5 million and USD10 million had a 58% audit rate.  

 Are You the Personal Representative of an Estate
Which Is Being Audited by the IRS?
 
Contact the Tax Lawyers at Marini & Associates, P.A.
 
 
for a FREE Tax Consultation at:
www.TaxAid.us or www.TaxLaw.ms or
Toll Free at 888-8TaxAid (888) 882-9243


Source:

Accounting Web (via STEP)

Read more at: Tax Times blog

 
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