![]() For business returns (for individuals not claiming the EITC and for other than farm returns) showing total gross receipts of $200,000 or more, 2.7% of returns were audited in FY 2013, a decrease from 3.4% in FY 2012.For business returns (for individuals not claiming the EITC and for other than farm returns) showing total gross receipts of $100,000 to $200,000, 3% of returns were audited in FY 2013, down from 3.6% in FY 2012.The 75.5% balance of the audits were correspondence audits, slightly down form the 75.7% for the previous year. That’s slightly up than the 24.3% figure for the previous year. Only 24.5% of the individual audits were conducted by revenue agents, tax compliance officers, tax examiners and revenue officer examiners. Of the 1,404,931 total number of individual income tax returns audited in FY 2013, roughly 34% (483,070) were for returns with an earned income tax credit (EITC) claim (up from the approximate 32.9% in the previous year). Overall, in FY 2013, individual income tax returns in higher adjusted gross income (AGI) classes were more likely to be examined than returns in lower AGI classes. What are the chances of being audited? During FY 2013, IRS examined 0.8% of all returns filed in Calendar Year (CY) 2012, about 1.0% of all individual income tax returns filed in CY 2012, and 1.4% of corporation income tax returns (excluding S corporation returns). On average, the IRS spent 41 cents to collect $100 in tax revenue during the fiscal year, matching low-cost results for 20. More than 118 million individual income tax return filers received a tax refund, which totaled almost $312.8 billion. Out of the 146 million individual income tax returns filed, almost 83% were e-filed. In addition, the data book provides valuable information about how many tax returns IRS examines (audits) and what categories of returns IRS is focusing resources on, as well as data on other enforcement activities such as collections.ĭuring Fiscal Year (FY) 2013, IRS collected almost $2.9 trillion in revenue and processed 240 million returns, of which 151 million were filed electronically. 30, 2013, and includes information about returns filed, taxes collected, enforcement, taxpayer assistance and IRS’s budget and workforce. IRS has issued its annual data book, which provides statistical data on activities conducted by IRS from Oct. IR 2014-34, 2013 Data Book, see (Download) – irs.gov/pub/irs-soi/13databk.pdf WHAT ARE YOUR CHANCES OF BEING AUDITED? IRS’S 2013 DATA BOOK PROVIDES SOME CLUES.114-41: Surface Transportation & Veterans Health Care Choice Improvement Act of 2015 “Last minute” Year-End 2015 Tax-Saving Moves for Individuals. ![]() Retrospective On Key Tax Developments in 2015.“Last minute” Year-End 2015 Tax-Saving Moves for Businesses.2016 Consolidated Appropriations Act Tax Provisions.Up Listings – Non-Reporting to Full-Reporting.
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