Every spring the IRS publishes the Data Book. Publication 55-B, and every spring it reveals the quiet truth that audit coverage rates remain historically low overall while being heavily concentrated at the very top of the income distribution and in specific entity types. The FY 2024 edition, released in 2025, shows the IRS closing 505,514 examinations and assessing over $29.0 billion in recommended additional tax. ¹ Below the headline are figures that should change how our clients think about audit risk.
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