How To Audit Proof Your Tax Return

May 5th, 2009 by admin

Audit Proof Tax Return

The IRS is on a major attack!

They are now sending out audit teams to select groups of taxpayers. If they select you for audit, and you don’t pass the initial round of questions, you can expect a long, expensive process. The average IRS audit costs $5,500 in taxes. But, that’s just the beginning. You probably will have an additional $2,750 in penalties and interest. Plus you can count on $2,000 or more for professional guidance. If you fight the assessment, add another $10,000 or more in fees.

All told, that little IRS notice will probably mean you need to be ready to write a check for at least $10,000.

Learn how to avoid the red flags that are certain to mean an IRS notice with this 52:11 teleseminar by CPA and Tax Strategist Diane Kennedy.