How to Not Get Audited by The IRS
Apr 12th, 2010 | By Charles L. Stanley CFP® ChFC® AIF® | Category: News
How To Not Get Audited By The IRS
With increased computer power and more money for staff from the Obama administration, the IRS is gearing up to intensify its audits of individual taxpayers. High income alone is far from the only factor triggering an audit: Last year only 6.4% of the nation’s 440,000 highest-income filers were audited.
That means there are steps you can take–or in some cases, not take–to minimize the chance of getting audited. Many of the precautions revolve around the wisdom of that old Japanese proverb, “The raised nail gets hammered down.” The less attention you can draw, the less likely you are to get audited.
For the rest of this story, go to Forbes and read, How to Not Get Audited by the IRS.
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