Truth About Tax Audits, The
- By S. Kay Bell
- Published Jul 29, 2010 by FT Press. Part of the FT Press Delivers Elements series.
- Copyright 2011
- Dimensions: 5-3/8 X 8-1/4
- Pages: 10
- Edition: 1st
- eBook (Watermarked)
- ISBN-10: 0-13-237162-6
- ISBN-13: 978-0-13-237162-9
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This Element is an excerpt from The Truth About Paying Fewer Taxes (9780137153862) by S. Kay Bell. Available in print and digital formats.
How to keep from joining the 1% of U.S. taxpayers who get audited every year!
Statistically, your risk of being audited is small. In 2007, for example, 1.4 million returns got a closer look from the IRS. But more than 140 million returns were filed that year. The raw numbers don’t matter, though, if your return ended up in that 1 percent. So you don’t have to spend time and money in connection with an audit, here are some ways to minimize IRS interest in your return.
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