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So you are being audited

Tax preparation, Immigration services in Middle Tennessee - So you are being audited | Tax Leaders Inc
So you're being audited. What's the worst that could happen? The answer to that question can vary widely. If you own a business, the worst can be pretty far down the scale. So what is an audit and how do they work?

Well first of all, the IRS gives your return the once over to see if there are any anomalies. This can mean anything from your garden variety typo, to "misremembered" figures. If there are any mistakes, or if it looks like your figures vary too much from the average for your business category, your audit has just begun. A professional auditor will examine your return and in some cases, invite you to come to one of their many offices for an interview regarding some of the items on your return. In other, somewhat rare cases, they might invite themselves to your place of business or your office to poke around in your documents to see if any additional information pops up.

At this point you may be thinking, "What are my options?" What do you do in the event of an audit? Here are a few simple tips to help you through your audit.
1: Hire a tax professional.

That's it. Hire a tax professional. In fact, just go ahead and hire one before an audit even comes up. If you have a trustworthy professional handling your taxes, you'll barely even have to talk to the auditor. In fact, you may not even get that awful letter in the first place.