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Weekly Insight: The Chances of an IRS Audit

You can rest easy now that you have filed your taxes. That is unless you get audited. Just the thought of it strikes fear in most Americans. What is the chance of your tax return being selected for an IRS audit? Overall, it is about 1%. However, the more you earn, the higher your chances. You have a 3.26% chance of getting audited for 2013 if you earned $200k or more, and a 10.85% chance if you earned $1 million…

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