New 2017 IRS Audit Stats: Bad news for Expats
Today the IRS released FY 2017 audit statistics. For expats like myself- the news is not good. 5.2% of all international individual returns filled with the IRS in FY 2017 were selected for audit. This is up from 3.9% in FY 2016. How did the average American compare? 0.6% of all individual income tax returns were selected for audit in FY 2017, down from 0.7% in FY 2016. This means if you live outside of the US- your chance of being audited was over 8 times higher than the aver