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IRS Audit Chances

According to the IRS, audits are relatively rare, just 1.1% of individual returns filed in 2009 were audited in 2010 and 78% of those will by mail, not in person. Again, according to the IRS your chances of an audit increase as your income goes up. 8.4% of returns with incomes above $1 million were audited by IRS. Something to think about…

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