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IRS Increases Estate Tax Audits

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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