4 facts about IRS audits

I recently shared a thread on Twitter about IRS audits.

Here are the takeaways:

1. IRS audit rates are very low. But that's not an excuse to believe you won't be audited.
2. IRS has very limited capacity for audits. So they rely on statistics to select returns likely to have errors, omissions, or anomalies.
   
3. IRS tells you they're coming via snail mail. Despite what television shows you, IRS generally doesn't beat down your door in the middle of the night.
   
4. You're probably too small for the IRS to aggressively pursue. The letters may sound mean, but the bark is generally worse than the bite.

Go read the thread and let me know what you think.