You Met the Tax Filing Deadline, Now What Are The Chances You Will Face An IRS Audit? - Forbes After much worry and angst you successfully met the filing deadline for your tax return. Now you are obsessing about a new worry: Will that return be audited by the IRS?
Almost everyone dreads the thought of an IRS audit but thanks to continuing Congressional cuts in the IRS budget, fewer and fewer Americans will face an audit of their return. For the 83% of Americans who fully comply with our tax laws that is good news.
Or is it? 17% of Americans are not fully compliant with our laws and for the noncompliant the reduced chances of an IRS audit is even better news. Guess who makes up the revenue needs of our government when some people fail to comply? You guessed it, the 83% of us who fully comply with our tax laws make up for the shortfall caused by our less honorable fellow Americans.
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Read more at: Tax Times blog
