February 2013

Steve Katz comments on “The Odds of a Tax Audit (and How You Can Reduce Them)” for eHow’s Personal Finance news


Getting audited by the Internal Revenue Servuce can be a nightmare. Fortunately, it’s not that common for most people. During 2011, the IRS audited a little more than 1.56 million of the more than 140.8 million individual returns filed, or just about 1.1 percent.

But despite the relatively low risk, it’s always worth a little worry…