IRS audit
 
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Chances of IRS audit

Every year, people ask about their chances of IRS audit. You probably have heard that the chances of IRS audit is low overall. However, if your tax return sets of one or more IRS audit flags, your chances of IRS audit just multiplied. We will explore the chances of an IRS audit for tax payers.

Chances of IRS audit for Low income tax payers

The IRS claims that it audits a higher percentage of low income tax payers than middle income tax payers. Many tax benefits are offered to low income tax payers and the IRS said that many low income tax payers do not file tax returns and abuse the earned income tax credit. Earned income tax credit is a tax credit offered to low income tax payers only. So, if you are a low income tax payer, according to the IRS, your chances of an IRS audit is higher than average.

Low income tax payers are easier IRS audit targets

Low income tax payers are also easier IRS audit targets because low income tax payers are less likely to be able to afford legal or professional assistance with the IRS audit and are therefore less likely to be able to assert their legal tax rights during an IRS tax audit.

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