As you begin the process of collecting your information to either prepare your own taxes, or hand off to your CPA to prepare, I thought you should know your chance of an audit.
Only 1 out of every 222 individual tax returns was subject to audit during the Fed’s fiscal year that ended 09/30/19. (source: IRS)
Hmm…..less than a 1% chance which are similar odds of a house catching fire in a given year.
Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual.