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Well, tax season is officially here, as Americans of all walks of life scramble to get their extortion papers tax returns in order before April 15th. Although, I’m not really sure why they call it “tax season.” That makes it sound like you could draw a comparison to something like the “holiday season.” I guess there are some similarities. You will spend months stressing over your finances, as you struggle to figure out how you’re going spend all your money on stuff you don’t need, but I digress.

There is some great news on the tax front. Apparently, this year the IRS will issue the lowest number of audits since 2005.

The audit rate, the percentage of individuals’ tax returns IRS revenue agents examined either in person or via correspondence, fell to 0.86% last year, the data show. That represents the lowest rate since at least fiscal year 2005.

After rising steadily from 2005-10, the number of IRS audits for individual taxpayers fell 21.4% during the succeeding five years, the data show.

The IRS audited slightly more than 1.2 million individuals last year, down more than 162,000 from 2013, and a drop of nearly 339,000 from 2010.

Audits fell in virtually every individual category and across income levels, even as the number of individual tax returns filed rose in all but two of the past nine years, the data show.

link:

http://www.activistpost.com/2015/02/good-news-tax-audits-will-dwindle-to.html