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 ...
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.
Jun 23, 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.
The IRS is auditing fewer returns. But be aware of red flags that will tempt any tax auditor.
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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 ...
TaxAudit.com offers tax audit defense and representation services for IRS and state audits. Get IRS audit help from the experts at TaxResources, Inc.
In the United States, an income tax audit is the examination of a business or individual tax return by the Internal Revenue Service (IRS) or state tax authority.
Feb 3, 2014 ... Filing taxes is punishment enough without the vague threat of an IRS audit looming over our heads. For understandable reasons, the IRS ...
Jul 23, 2013 ... As shown in an overview of the audit process, our auditors conduct a fair and unbiased review to determine if you paid the proper tax due.
Oct 27, 2010 ... I know a preparer who suggests avoiding an audit by underpaying income tax by $10. While those dollars are outstanding, the return goes to ...
Apr 30, 2014 ... Overall, the odds are reassuring. The vast majority (almost 99%) of individual income tax returns skate safely past the IRS audit machine.
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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