Tax
Apr. 16, 2016
The odds you'll be audited this year
The IRS is auditing only 0.84 percent of individual taxpayers, and recently, the IRS commissioner has suggested that the tax audit picture for the IRS may be gloomier still. By Robert W. Wood
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
Before filing tax returns, it is only natural to reflect on the likelihood that you will be expected to explain your returns. Could you be asked to dig out receipts to show that you were entitled to claim all that you claimed? It can be a sobering thought, but is a healthy one.
And it can be enhanced by all of the news stories that seem to surface at this time of year about people getting indicted for tax evasion, or getti...
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