Audit rates rise for six-figure taxpayers
If you earned $100,000 in 2003, you may have been among the 1% of those in this group to be audited. The audit rate among high-earning taxpayers was higher than that of all taxpayers overall, according to Medical Economics (5/21/04), which cited figures from the Internal Revenue Service. For all taxpayers, the audit rate was 0.7%.
Over the last 2 years, audit rates for high-earning taxpayers have been going up. In 2003, the audit rate for taxpayers earning six-figures or more rose 24%, compared to a 14%-increase for all taxpayers.
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