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7 Reasons the IRS Will Audit You

Jan 19, 2024 | Resources

An IRS audit is an examination or review of your information and accounts to ensure you’re reporting things correctly, following the tax laws, and that your reported tax amount is correct. In other words, the IRS is simply double-checking your numbers to make sure you don’t have any discrepancies in your return.

Sometimes state tax authorities do audits, too. If you’re telling the truth, and the whole truth, you needn’t worry. Nothing is inherently sinister about an IRS audit or state audit. However, people who are consciously cheating the system do have reason to be concerned.

View the entire article on nerdwallet.com.

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