I think I read that on Wealth without risk long time ago.... wonder if that's still true.
2007-04-06 03:01:16 · 4 answers · asked by Eddie T 2 in Business & Finance ➔ Taxes ➔ Other - Taxes
No audits are picked at random
2007-04-06 03:11:26 · answer #1 · answered by Mike D 1 · 1⤊ 1⤋
Selection of returns for audit is on a random basis by computerised means and the cut off limit for income above which this process will be conducted is decided every year
2007-04-06 03:09:26 · answer #2 · answered by Santosh 3 · 0⤊ 1⤋
I wouldn't think that to be true especially since most audits are random anyway. I think most people procrastinate because they owe and that irritates me since I usually get a lot of johnny-come-lately's (not that I don't mind the business) but I'd rather just get it over with. The IRS will work out a payment plan with you.
2007-04-06 03:07:35 · answer #3 · answered by msshaden 2 · 0⤊ 2⤋
No it isn't. The computers mostly select the returns that will be audited.
2007-04-06 03:57:39 · answer #4 · answered by Judy 7 · 1⤊ 0⤋