Tag - Auditing

3 Things That Trigger IRS Audits

What does it mean to be audited and why should an individual need to understand this? The chances that you are audited by the IRS are less than 1% and are typically a minimally intrusive process. Usually when you have been sent an official notice of audit it is because they want supporting documents for things that you have claimed on your filed return. The IRS wants these documents in order to prove that what you have claimed on your tax [...]