A closer look shows that it’s the highest earners whose audit rate has dropped the most. For households with AGI between $5 million to $10 million, the audit rate dropped from 7.95% to 4.21%. For households with AGI between $1 million to $5 million, the audit rate dropped from 3.52% to 2.21%. For households with AGI between $500,000 to $1 million, the audit rate dropped from 1.56% to 1.1%. For a look at the "real" audit rate, including math error notices and document-matching notices, see IRS Official Audit Rate Is Down But The 'Real' Audit Rate Is The Problem.

Source: Forbes May 20, 2019 21:33 UTC