If you are relaxing after filing you tax returns thinking everything is complete, you are mistaken. There are some red factors that may increase your possibility of an unwanted meeting with the IRS.
Most of the tax returns are being examined by a computer selection process that allocates a value to certain key items on your return. If the allocated score exceeds the norms set by the IRS, the computer will send your return for further examination to confirm that if it should be audited.
Further if IRS finds a possible error, it will send you a letter explaining the mistake. The IRS, through letter, will tell you the proposed correction and any tax owed plus interest and penalties. To your relief, very less letters require a visit to an IRS office.
Read More
Tax time: It's not all over, IRS is watching
Add Your Comment





