Audit Fears
As tax professionals, we are asked each year by our clients: Will I get audited? What if I get audited? How can I avoid getting audited? The IRS will audit hundreds of thousands of individual tax returns this year. That number represents a small percentage of returns filed and in fact, for 2014 will comprise only .80% of taxes filed. With continued IRS budget cuts, the rate of audits is dropping, but this is little consolation if your return is selected. Although the audit ra