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- Not knowing what an audit entails and the process involved can lead to accidentally providing information that is incriminating.
- If you have good records then you can prove the legitimacy of your tax returns to the IRS.
- The biggest reason to plan for an audit is because an audit may actually happen. Audits can happen to anyone for a variety of reasons.
- If there are inconsistencies between various tax return forms and you cannot prove that this was simply a mistake, you can be held liable by the IRS.
- Nothing beats the peace of mind that you will have when that plain brown envelope shows up at your house and you know you have all your bases covered.
Preparation
Good Records
Audit
Inconsistenices
Peace of Mind
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