What To Do When Being Audited

Posted by on Jun 4, 2022 in Personal Tax, Uncategorized |

An audit is an examination of the financial information reported on a tax return to determine whether that information is correct according to current tax law. You have the burden of proof to substantiate the deductions claimed on their tax return. A tax audit is usually initiated with a letter. You then have a specified number of days to provide the appropriate documentation and/or appeal. You can expect the audit to be conducted by mail or in...

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