What are my chances or getting through an audit without owing additional taxes?
Not good and getting worse. Fewer than 15% of audit victims make a clean getaway. The IRS audits as many taxpayers today as it did 10-15 years ago, but the size of the adjustments made in audits has increased four-fold. The IRS, thanks to its sophisticated computer selection process, is more likely than ever to audit returns in which adjustments are almost a certainty. If you’re audited, you probably won’t beat it completely, so focus on limiting the damage.
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- What are my chances or getting through an audit without owing additional taxes?
- What are my chances of getting through an audit without owing additional taxes?
