Tax,
Corporate
Jul. 14, 2017
When audits become criminal investigations
Tax audits are nobody’s favorite topic. Sometimes your number just comes up, although there are some things that make that more likely.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
Tax audits are nobody's favorite topic. Sometimes your number just comes up, although there are some things that make that more likely. Let's start with some of those. First is income. The higher your income, the more statistically likely it is that you will be audited.
Still, audit rates are very low. You might have less than a 1 percent chance of audit if you make say $100,000 to $500,000. It might go up to around 4 percent if you ...
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