Good Reason for Vermonters to be Diligent with Their Federal Tax Return
Vermont Business Magazine – According to a national report from an audit-defense firm, Vermont had the highest rate of IRS audits in the US in 2015. TaxAudit.com, a California-based IRS audit defense specialists, today announced the findings from their second annual IRS Audit Report which reveals the states with the highest chance of a tax audit. The study examined 1.5 million US tax returns for the 2014 tax year.
The findings reveal Vermont and California taxpayers had a higher chance of an IRS audit than taxpayers in any other states, while Hawaii and New York had the highest chance of an audit of their 2014 state tax return. Taxpayers in Oklahoma were the least likely to be audited by the IRS while taxpayers in Texas were the least likely to be audited by the state.
States with the highest likelihood of an IRS audit
- Vermont
- California
- Nevada
- Massachusetts
- Delaware
- Colorado
- New York
- New Jersey
- Florida
- New Hampshire
To view the full article please visit: http://vermontbiz.com/news/april/report-vermont-has-highest-rate-irs-audits