Apr
21

How To Avoid An Irs Audit

The mere thought of an IRS audit strikes fear into the hearts of the brave and courageous. Taxpayers have reason to fear the IRS inquisition; audits are designed to make believers out of the heathen. The feds have enormous clout and are ready to use it if they think you have been fudging.

Understanding the system can help you dodge the audit bullet.

An IRS audit is not a notice. The IRS service centers generate millions of notices every year telling taxpayers they have overlooked reporting of some item of income on their return, or other adjustment. The notice will recalculate the tax due and ask for payment or occasionally inform you of a refund.

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