Tag: IRS Audit

3 Mistakes Which Can Trigger an IRS Audit

3 Mistakes Which Can Trigger an IRS Audit

Business
IRS has to process millions of tax returns and the IRS has many things which will trigger an audit.  While you may not have done anything wrong, but the return which you have filed has something which signify that you are trying to defraud IRS. If you have performed everything correctly you can prove that you are paying the taxes.  In such an event, IRS will then agree and will leave your return the same and the audit will be lower. The audit can be conducted by the mail or in person and here are a few possibilities. First the IRS decides that all is well and the return stays the same. The IRS proposes a change and you agree to the same and pay more taxes or the penalty. The IRS suggests a change and while you understand it, you don’t agree. In this case you appeal and enter into media