Jul 24 2011
Tax Audit Defense
Nobody wants to be on the receiving end of an IRS sponsored income tax audit. It might reassure you to know that only 1.5% of all taxpayers ever experience such an unpleasant fate.
An audit means that the IRS will have initiated some kind of contact, whether by mail, phone, or otherwise. They may want to have a question answered, to verify a suspicious piece of information, or in the worst case, to simply investigate the inner workings of your financial tax situation.
When you file on paper, your risk of an audit goes up. The more money you make per year, the more you risk an audit. The more complicated the tax programs you use to support your varied finances, the more risk you have. Also basic math mistakes are king on the list of errors that raise eyebrows.
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