With the Internal Revenue Service being severely underfunded,the odds are low that your federal tax return will be audited. After losing approximately a quarter of its enforcement staff amid recent budget cuts, the agency’s capacity is the lowest it’s been in a decade, or per U.
S. News & World Report. The chance of an audit is under 1 percent on average but soars to nearly 35 percent in the uppermost income brackets,according to a breakdown by the nonprofit […]
Source: fox40.com