Who’s afraid of the big, bad wolf?

As far as my experience is concerned, no one’s buddy-buddy with the IRS, and prospect of an audit is downright frightening. But – as it turns out – the likelihood of an audit for individuals and couples earning between $25,000 and $200,000 a year is less than 1%! Now, we don’t encourage anyone to push the envelope simply because your odds of audit are low, but hopefully this information will help assuage the fears of all you well-behaved taxpayers out there. More details in this article from the good folks at nolo.com.