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Audit Misconceptions

Audit Misconceptions

Many taxpayers fear going to their mailboxes and finding an IRS audit letter, but what most people fail to realize is that only 1% of individual taxpayers are audited every year. Here is our infographic presentation showing the likelihood of an audit and the types of audits. Full story

Tax Audits Explained (Not As Scary As You Think)

Tax Audits Explained (Not As Scary As You Think)

In movies, tax audits are always scary. Big, burly, intimidating men in dark suits and glasses. Over-sized clipboards. The sound of pens furiously scratching paper. Handcuffs. You know the deal. But are tax audit visits really that frightening in real life? Not so. In fact, only 1% of all taxpayers even experience an audit. Of those, about 20% ever result in a face-to-face encounter with the IRS. Most inquires, fortunately, are resolved through correspondence. Take a look below at our guide to tax audits. Full story