For the vast majority of taxpayers, there is not much need to worry that you will be audited. https://statewidecpa.com/blog/2018/11/my-blog
In 2016, only 0.6% of individual income tax returns were audited according to the IRS 2017 Data Book. Why? For starters, the IRS budget has been cut resulting in more than 2,200 fewer agents available to audit returns. However, the “real” audit rate is closer to 7.o% as the IRS does not include the over 9.2 million notices that are questioning items on your client’s tax returns such as forgetting to include a 1099-Misc form. The IRS is relying more and more on technology to uncover underreporting and underpayment of taxes. Also, certain taxpayer groups are more susceptible to catching the attention of auditors.
If you’re in the middle of an audit or owe back taxes, contact us to schedule a free consultation. https://statewidecpa.com/contact
If you need an expert tax resolution professional who knows how to navigate the IRS maze, reach out to our firm and we’ll schedule a no-obligation confidential consultation to explain your options to permanently resolve your tax problem. (800) 596-1266 https://statewidecpa.com