The Government Accountability Office (GAO) just released a report saying that IRS funding has dropped $900 million from fiscal year 2010.
What does that mean? You guessed it, a lower audit rate. The GAO is predicting that the average audit rate for individuals will drop from about 1% to .8%.
One bit of bad news is that if you have to call the IRS for some reason the wait time is going to be a bit longer.
Looking to file a tax return that you don’t have to worry about if it is audited or not? Give us a call we help residents of La Quinta California, Rancho Mirage, Palm Desert, Palm Springs, Indio, Cathedral City, Indian Wells, and Bermuda Dunes.