Guidelines for Surviving an IRS Audit

Guidelines for Surviving an IRS Audit
Guidelines for Surviving an IRS Audit

IRS audit is a much dreaded term even for many of the honest taxpayers. There have been instances where businesses have shut down after IRS audits and also the agency is quite meticulous about detecting questionable deductions or unreported income. This instills much fear among taxpayers, especially high-income taxpayers and self-employed individuals. However, it’s important to understand that instances of business shut down make up the worst case scenarios. IRS audits are, in fact, fairly routine and can be survived well. Although you are a diligent taxpayer, getting an audit notice from the IRS might make you nervous. Here are a few guidelines that would help you survive an IRS audit confidently:

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