What are your chances of being audited?

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wwltv.com

Posted on March 12, 2013 at 11:22 AM

WWLTV.com
Email: webteam@wwltv.com | Twitter: @WWLTV

NEW ORLEANS - The IRS examines approximately 1.1 percent of all individual tax returns.

So the chances that your return will be audited are only about 1 in 90.

But the odds of an audit can increase substantially depending on your income, types of income, deduction amount and changes you have made since filing your last tax return.

Financial advisor Randy Waesche was in the studio with a list of reasons that can raise red flags.

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