Are you wondering what documents are needed for an IRS audit? Is the thought of preparing for an IRS audit making your stomach turn? Realize that you are not alone in this feeling. According to the Internal Revenue Service (IRS), in recent years, nearly one million Americans were audited, resulting in nearly 17.3 billion dollars […]
What Documents are Needed for an IRS Audit? Read More »
There are plenty of audit myths floating around, but that’s all they are – myths. In this article, we will take a close look at some of the more prevalent tax audit myths out there. For each myth, the truth will be revealed, so you can know exactly what to expect during an audit. Understanding
Top 8 Myths & Facts About Tax Audits: Know the Truth Read More »
Approximately 1 million taxpayers get audited each year, which is less than 1% of all taxpayers. Though the odds of being audited are slim, you still probably cringe when the words “tax audit” are uttered. It is a hassle, but this guide should help alleviate some of the stress you may be feeling by answering
Your Complete Guide to Surviving an IRS Tax Audit Read More »
Running a small business can be very challenging, and that’s without putting taxes into the equation. Even if you do your best, pay and file your taxes time, and report everything the way you should on your tax return, there’s still a chance that you might get audited. Today, the IRS audits less than 1%
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What if you could file taxes without any fear of audit? Most Americans file their taxes with at least a little bit of fear. That’s because they must constantly worry about their chances of getting audited. Fortunately, there are a few easy ways to seriously reduce those chances. By following these easy tips, you can
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The holidays are long gone and you’ve jumped into a new calendar year. That can only mean one thing: tax season is officially upon us. Possibly the only word that people and businesses dreading to hear more than “taxes” is the words “IRS audit.” Sounds pretty serious, doesn’t it? There are several reasons that the
Being Audited: What Does an IRS Audit Involve? Read More »
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