Connors and Sullivan, Attorneys at Law, PLLC
For a complimentary consultation
212-235-1339 718-414-6209

Three common audit triggers

Tax season is upon us. Those who are getting ready to file their tax returns may wonder whether this is the year they are chosen for an audit. Audits are generally not random. There are some red flags that can increase a taxpayer’s risk of a federal audit.

For example, the Internal Revenue Service (IRS) is more likely to audit:


  • High net worth. Taxpayers with a gross income over $1 million continue to be at an increased risk of a federal tax audit. Recently reported data shows this group of taxpayers experiences an audit at a rate of 1 out of every 23.
  • Those with foreign assets. Claim a foreign asset? Your risk of an audit goes up. Taxpayers that own foreign assets were audited at a rate of 1 out of every 19. Fail to claim a foreign asset you should claim? You could face criminal charges and potential imprisonment.
  • Individual tax returns. The agency often favors individuals over businesses. Recent data shows the IRS audits 1 out of every 161 individual tax returns. It only audits 1 out of every 224 partnerships in 2017.

Taxpayers flagged for an audit will likely receive a mailed correspondence from the IRS. This letter will explain how the audit will proceed, generally either through additional mailings or the use of a field agent.

Over 90 percent of these audits result in a change to the taxpayer’s tax obligations. Audits conducted through mailings average an additional $6,014 tax obligations while those conducted by a field agent average $21,918. As a result, those who are the subject of an audit are wise to act to protect their interests. An attorney experienced in federal tax audits can help to better ensure a more favorable outcome.

No Comments

Leave a comment
Comment Information

Office Locations

Connors and Sullivan, Attorneys at Law, PLLC
7408 Fifth Avenue
Brooklyn, NY 11209

Phone: 718-414-6209
Fax: 718-238-2616
Brooklyn Law Office Map

Connors and Sullivan, Attorneys at Law, PLLC
880 Third Avenue
New York, NY 10022

Ph: 212-737-2700
Map & Directions

Bayside Queens:
Connors and Sullivan, Attorneys at Law, PLLC
200-20 Northern Boulevard
Bayside, NY 11361

Ph: 718-225-7200      
Bayside Law Office Map

Middle Village Queens:
Connors and Sullivan, Attorneys at Law, PLLC
79-43 Metropolitan Avenue
Middle Village, NY 11379

Ph: 718-238-6500
Middle Village Law Office Map

Staten Island:
Connors and Sullivan, Attorneys at Law, PLLC
1250 Hylan Boulevard
Staten Island, NY 10305

Ph: 718-238-6500  
Staten Island Law Office Map

Contact Our Firm

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

Legal Leaders Presents Martindale-Hubbell | Top Rated Lawyers 2015 | Featuring AV Preeminent | Martindale-Hubbell Lawyer Rating NAELA | National Academy of Elder Law Attorneys, Inc. | Member | Leading the way in Special Needs and Elder Law