IRS audits may be increasing, so be prepared

IRS audits may be increasing, so be prepared

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IRS Audit

The IRS just released its audit statistics for the 2020 fiscal year and fewer taxpayers had their returns examined as compared with prior years. But even though a small percentage of returns are being chosen for audit these days, that will be little consolation if yours is one of them.

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The Chances of IRS Audit Are Down But You Should Still Be Prepared

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IRS Audit

The IRS just released its audit statistics for the 2018 fiscal year, and fewer taxpayers had their returns examined as compared with prior years. However, even though a small percentage of tax returns are being chosen for audit these days, that will be little consolation if yours is one of them.
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