Monday, June 30, 2014

How to Avoid a Tax Audit

No one wants to go through a tax audit, and fortunately, there are some simple things you can do to reduce your chances of having to go through this dreaded process.   


For starters, make sure you don’t make any errors when you file your tax return. Yes, that’s easier said than done, but it’s so important to file correctly. Errors are an easy way to get the IRS super-interested in your taxes and in what other “mistakes” you might have made. Get all of your forms together before you file and check and double check to make sure you’ve listed dependents and exemptions properly.

Also, you’ll definitely want to remember to include all of the income you received from all of your jobs. Remember, the IRS has copies of every single 1099 and W-2 with your name on it, so you don’t want to leave anyone or any income out.

Finally, if you truly want to reduce your chances of an audit, hire a trustworthy accountant to take care of all your tax matters for you. There are plenty of good accountants and the right one can make it easy to avoid an audit.


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