As you bask in your retirement years, traveling, enjoying dinners with your friends, spending time with family, finding new hobbies, and returning to old ones, you may think your chances of an IRS audit would be low. After all, why would the IRS examine tax returns that you file in your golden years? And generally, you would be right.
Over the past few years, the IRS has been auditing significantly less than 1% of all tax returns filed by individuals, and we expect this figure to decline even further in the near future.
