Tag Archives: corporate partnership or individual taxes

Tips for Avoiding an IRS Audit

While audits are uncommon, most Americans would prefer to avoid them entirely. According to the IRS, the percentage of audited persons is relatively low, although it has gradually increased since 2008. If the IRS decides to probe your corporate partnership or individual taxes, there isn't much you can do about it. You may, however, lessen the likelihood of being singled out for this scrutiny by following the above tips.

1. Check Your Figures

When somebody provides you with a tax document that discloses income, like a 1099, that information is likewise reported...

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