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Tax Fact #6: High Income Taxpayers Are Penalized Less Often

  • SumoMe

People who make over $1 million per year are 60% more likely to walk away from an audit without additional assessments than those who make less than $200k per year.

No one wants to be the target of an audit, but those people who know about some of the more common tax rules and have their records in order are much more likely to walk away from an audit without assessments of additional tax, penalties and interest from the IRS.

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