Here are your odds of getting audited by the IRS, courtesy of the IRS and found in the Journal of Accountancy, Tax Matters, April 2012, page 59.
If you filed your tax return as an individual in 2011, the odds of getting audited depend on your reported income level and vary from 1% to 12.5%:
Income under $200K – 1.02%
Income $200K and higher – 3.93%
Income $1 million and higher – 12.48%
If you filed as a business, here are you chances of getting audited:
Total – 0.63%
Sub S – 0.42%
Partnership – 0.40%
Nonprofit – 1.36%
Assets …