Irving L. Blackman

Corporate Tax Returns Audited In 1986 (by Size Of Assets)

 

Balance sheet 1985 returns Number Percent

assets filed audited audited

$ 0-50,000 803,200 5,988 0.75%

50,000-250,000 865,400 12,733 1.47

250,000-1 million 507,100 7,922 1.56

1 million-5 million 198,700 9,349 4.71

5 million-10 million 28,400 3,639 12.81

10 million-50 million 31,000 7,400 23.87

50 million and more 15,700 9,892 63.00

Source: Internal Revenue Service Hightlights of 1986, U.S. Government Printing Office, 1987.

If you play by the percentages, the smaller your assets, the lower your chances of getting audited by the Internal Revenue Service. But don't overlook the numbers.