Internal Revenue Service More Likely To Audit Wealthy And Poor - WSFA.com Montgomery Alabama news.

April 15, 5:00am

Internal Revenue Service More Likely To Audit Wealthy And Poor

People from all walks of life are equally affected by one tax trend, the 17-thousand page, 2.8 million word tax code that is more complex than ever. Some estimate that it takes an average of 28 hours to complete the Internal Revenue Service's "1040" form and do the necessary record keeping.

The good news this year is that the middle class is paying the lowest share of its income to the treasury since 1957. And, in case you're wondering, wealthy and low-income families are statistically more likely to get audited than a middle-class family. You can get more information by logging on to the Internal Revenue Service's web site.

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