During fiscal 2017 the IRS audited almost 934,000 individual income tax returns during the fiscal year, the lowest number of audits since 2003, according to the recently released 2017 IRS Data Book.
The chance of being audited fell to 0.6 percent – the lowest coverage rate since 2002.
The Data Book describes IRS activities from Oct. 1, 2016, to last Sept. 30, and includes information about returns, refunds, examinations and appeals. It also contains charts showing changes in IRS enforcement activities, taxpayer assistance levels, tax-exempt activities, legal support workload and IRS budget and workforce levels compared with fiscal 2016.
Among other report highlights of FY17:
- The IRS provided taxpayer assistance through almost a half billion…
