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IRS Audits of High-Income U.S. Households Drop to 6-Year Low

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The U.S. Internal Revenue Service, struggling with a smaller budget, audited 7.5 percent of households with incomes exceeding $1 million last year, the lowest level since 2009.

The tax agency audited 0.86 percent of all individual tax returns, down from 0.96 percent the year before, according to data released Tuesday. Such audits are at their lowest level since 2004.