Wealthiest targeted as IRS audits jump 11%

By Associated Press
Posted Dec. 15, 2010 at 1:16 p.m.

The Internal Revenue Service is making it riskier to cheat on your taxes.

The tax agency increased the number of returns it audited by nearly 11 percent this year. Statistics released Wednesday show that wealthy taxpayers were most likely to be targeted.

In all, the IRS examined more than 1.58 million individual returns in the budget year that ended in September, up from 1.43 million the year before.

The IRS collected $57.6 billion through enforcement actions, an 18 percent increase from the previous year.

Overall, a little more than 1 percent of returns were audited, either by mail or in person. More than 8 percent of the returns with incomes above $1 million were audited.

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  1. CPA Dec. 15, 2010 at 9:02 pm

    That is a 100% audit coverage every 12.5 years. IRS should audit more than 8% of wealthy every year.

  2. jle Dec. 15, 2010 at 10:09 pm

    The poor wealthy. Picked on again. They just can’t catch a break.

  3. Yohon Dec. 16, 2010 at 12:32 a.m.

    “The LAW that never was.” There is LITERALLY NO LAW you have to pay income taxes it’s a SCAM!! How can this be (no juries asked to see the law before). The Federal Reserve, IRS, and income taxes are a 100 % FRAUD. JFK abolished The Federal Reserve June 4th 1963. The US took control over our money supply printing for the first time since 1913. Now you know why they murdered John F. Kennedy 5 months later.

    “People (including former IRS agents) HAVE LITERALLY RECENTLY BEEN FOUND NOT GUILTY of either failing to file or NOT paying income taxes.” How can this be?, (no juries asked to see the law before). The Federal Reserve, IRS, and income taxes are a 97 year old FRAUD y(our) paid off politicians has let continue without a word of the EVIL to the American people. Look up Aaron Russo’s America:Freedom to Fascism.