Preparing for an Audit

According to the Merriam Webster online dictionary, “a great audit is usually a formal study of an organization’s or individual’s accounts or finances.” It is a study executed by the IRS to decide if the information provided to the federal government on the tax go back is correct and if the proper amount of taxes was paid. The responsibility of proof through the audit is usually on the taxpayer – you need to prove to the federal government that all of the info on your own tax return like salary, the exclusions, exemptions, deductions and credits are accurate and correct.

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