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Month: May 2022

4 common myths about tax audits

The idea of an IRS audit will likely cause many taxpayers’ stomachs to churn in worry. Fortunately, with the right guidance, the audit process is often straightforward and painless. That said, there are numerous myths that can frighten and overwhelm individuals even...

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How does the IRS notify you of an audit?

For the IRS, a tax return audit is a way to begin closing the gap between the calculation of what was owed and what was collected. They endeavor to correct errors and clarify inconsistencies through the audit process. For the average taxpayer, however, notification of...

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