Millionaires beware: The IRS is becoming more interested in you, as it audited 12.5% of wealthy...

|By:, SA News Editor
Millionaires beware: The IRS is becoming more interested in you, as it audited 12.5% of wealthy taxpayers in FY2011, up from 8% in 2010 and 6% in 2009. The same goes for companies: Businesses with $250M-plus in assets have a 27.6% audit rate. But for firms with less than $10M or individuals pulling in less than $200K, there's not much to worry about.