The IRS is auditing fewer returns. But be aware of red flags that will tempt any tax auditor.
If the IRS does decide to audit you, there is little you may do to stop it. You may, however, reduce the odds that you'll be singled out for that extra attention in the ...
A tax audit is an examination of your tax return by the IRS to verify that your income and deductions are accurate.
Dec 18, 2014 ... Watch our video series, Your Guide to an IRS Audit. ... correctly, according to the tax laws, to verify the amount of tax reported is accurate.
Here are fourteen hot spots on your return that can raise the chances of a tax audit by the IRS.
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Now that your tax return has been filed, you're probably ready to close the books on 2013. But what are the chances that the IRS might pluck your return from the ...
4 days ago ... Here are 8 relatively easy ways to steer clear of an audit: ... Enrolled Agents, who are tax preparers authorized to represent clients in an audit.
TaxAudit.com offers tax audit defense and representation services for IRS and state audits. Get IRS audit help from the experts at TaxResources, Inc.
Want to avoid a tax audit? Find out how to avoid an IRS audit with these tips from LegalZoom.
An income tax audit is an examination of a tax return. During an audit, an IRS examiner makes a line-by-line assessment of your tax return. If something doesn't ...
File your taxes with H&R Block and get worry-free audit support. In the unlikely event of an audit an H&R Block Enrolled Agent will help you manage the process ...
Feb 18, 2014 ... While it remains unclear exactly what triggers an audit, tax experts say there are some common factors that can increase your chances of ...
Few things strike fear into the heart of a business owner like notice of an upcoming tax audit. Tax audits are expensive, time-consuming, and intimidating to say the least. But with proper preparation, business owners may be able to reduce their chance of being singled out by the IRS.
Statistically less than 2 percent of businesses are targeted for audits each year. What is so special about those 2 percent? Chances are good that they raised one of the classic red flags: mistakes like filing incomplete forms, failing to report all income, and keeping sloppy financial records. Taking care to accurately report earnings and pay tax bills may significantly lower your risk for an audit. Many businesses turn to tax consultants or accountants for advice on avoiding tax audits. Tax professionals may recommend adjustments such as watching your deductions and carefully managing payroll taxes.
If you do receive that dreaded audit notice, there is still hope. A tax professional may be able to represent you fairly to the IRS and clear up any mistakes. Business.com is a trusted resource for businesses and individuals in need of tax services like audit help. Visit the links to reliable business providers on the left to learn to more.
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