For the fiscal year, the agency audited , tax returns. This number breaks down to 0. Around After rising to a peak in , the number of audits has steadily dropped each year. Reasons for an IRS audit vary, but some factors may increase the odds of an examination. Chief among them: higher income. And running your own business carries greater risks too. Other red flags for an audit include failing to declare the right amount of income, claiming a higher-than-normal amount of deductions especially business-related ones , making disproportionately large charitable donations compared to income, and claiming rental real estate losses.
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