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Jacobs & Company, LLP
2161 Palm Beach Lakes Boulevard, Suite #450
West Palm Beach, FL 33409
Phone: 561-615-8585
Fax: 561-615-8888
Website: www.jacobsandcompanyCPA.com
AUDIT DECLINE
The IRS is auditing fewer returns. In 2019, it audited only 0.4% of individual returns. That’s about one out of 250 returns. The bulk of all IRS audits are done by mail and focus on narrow issues. In 2019, taxpayers claiming the earned income tax credit saw increased audit rates. About 1.2% of these filers were audited.
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