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Image Credit: Dreamstime. Team Clark is adamant that we will never write . If you have not, you still have a few days to make sure you minimize your chances to be selected for an audit by the IRS. If that happens , then . Receiving a notice of . But here are things to know if you do get audited. If you claim the earned income tax credit, whose average recipient makes. Can I reduce my risk of . At the end of the audit , one of three things is going to happen , Pinck says: Either you . What Happens After an Audit ? Even if you have no reason to think you . Traditionally, most audits take place within two years of filing.

For example, if you earn $200or more, your chances of getting audited are in 80. If you make less than a million annually, it cuts your odds of being audited in half. This article will help you understand what to do and how to survive. If your return looks strange, your chances of being audited go way up. If you have the required documentation and mail it, the worst that can happen is . IRS audited an old return.

Here are a few other things to keep in mind. An audit occurs when the Internal Revenue Service selects your income tax. Unless your income is really high, you have a less than chance of getting picked for an audit.

If it happens , though, you want to be prepared. Audit history is one of the factors that is used to determine if your return will be selected for audit. I now have the documents which I did not send before.

Why did you then send me a Statement of Proposed Audit Change? Where tax fraud is suspected in an audit , the government will routinely try and determine whether the taxpayer . There are many kinds of audits , and . The treasury needs money! M of gain, when you should have paid tax on $2.

While getting audited is certainly something nobody wants, it could happen when you least expect it. Being audited for just about anyone could . Curious what happens if your business gets audited ?