Here Are the Odds of An IRS Audit » Mortgage Masters Group
However, in the event of an audit, you’ll need to have the proper documentation available or you could find yourself on the hook for more taxes, simply because you can’t prove that you’re entitled to.
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While having high income raises your chances. the audit rate jumps to 5.8 percent, IRS data show. However, even if your income is lower, don’t assume your tax return won’t generate attention -.
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Should I reverse Mortgage My Home?. Here Are the Odds of an IRS Tax Audit. This index tells us how much more or less likely that it is one group is audited compared to the average. See the.