6 ways to survive an IRS audit

Description

Abstract: Only about 1% of individual tax returns are audited each year. Of those, about three-quarters are correspondence audits that are handled by exchanging information via snail mail. The remainder, which are selected for field audits, are conducted by IRS officers. Still, it’s helpful to know what might happen if one’s return is picked. This article offers six tips regarding how to be prepared for an audit.