IRS Audit FAQ

What are my chances of getting through an audit without owing additional taxes?

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Answer:

What are my chances of getting through an audit without owing additional taxes?

Fewer than 25% of audit victims make a clean getaway. The IRS audits half as many taxpayers today as five years ago, but the take per audit has increased. The IRS, thanks to its sophisticated computer selection process, audits only those returns in which adjustments are almost a certainty. Realize the odds are against you and focus on limiting the damage from an audit. For some guidance, see Top Ten Tips for Surviving an Audit.

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