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Millionaires beware: The IRS is becoming more interested in you.
If you’re pulling in less than $200,000, there’s not much to worry about.
The Internal Revenue Service said this week in an enforcement report that it audited 12.5% of wealthy taxpayers in fiscal 2011, up from 8% in 2010 and 6% in 2009.
About 4% of those earning $200,000 and up were audited, up from 3% the year before.
http://www.latimes.com/business/money/la-fi-mo-irs-millionaire-audits-20120106,0,16218.story
If you’re pulling in less than $200,000, there’s not much to worry about.
The Internal Revenue Service said this week in an enforcement report that it audited 12.5% of wealthy taxpayers in fiscal 2011, up from 8% in 2010 and 6% in 2009.
About 4% of those earning $200,000 and up were audited, up from 3% the year before.
http://www.latimes.com/business/money/la-fi-mo-irs-millionaire-audits-20120106,0,16218.story