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In the event of an IRS audit, here’s what you need to know about which documents you need and which receipts to save for filing your taxes. Experts: 3 Places You Shouldn’t Use Your Debit Card
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In the United States, an income tax audit is the examination of a business or individual tax return by the Internal Revenue Service (IRS) or state tax authority. The IRS and various state revenue departments use the terms audit, examination, review, and notice to describe various aspects of enforcement and administration of the tax laws .
In fact, according to H&R Block, 77% of all audits are simply mail audits, in which the IRS asks you to respond with documents or answers supporting the information you submitted on your return ...
This is true even if the IRS grants a postponement for the audit. Providing Additional Information. ... Later, follow up with the IRS to confirm receipt of the documents. If you have an open case ...
.docx – Word document.docm – Word macro-enabled document; same as docx, but may contain macros and scripts.dotx – Word template.dotm – Word macro-enabled template; same as dotx, but may contain macros and scripts; Other formats.pdf – PDF documents.wll – Word add-in.wwl – Word add-in
IRS audits are big business. The whole point of an audit is not to strike fear into the heart of American taxpayers -- although it succeeds in doing that -- but rather to raise revenue for the ...
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