IRS Audit Help Brigham City UT
Salt Lake City, UT
Education: BSc (Math)MBA
Years of Experience: 16
IARFC, MDRT, NAIFA
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Medicaid Planning, Tax Planning, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, CD Banking, Annuities, Life Insurance, Long Term Care Insurance, Group Insurance, Charitable Planning, Education Plan, Charitable Foundations, Asset Protection, BuySell, Compensation Plans
MOUNT PLEASANT, UT
Salt Lake City, UT
Exit Strategy Specialists, LLC
Years of Experience: 26
IARFC, MDRT, FPA
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Pension Planning, Executive Compensation Planning, personal Coach, Retirement Planning, Tax Planning, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, Mortgage Loans, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Business Coach, Charitable Planning, Education Plan, Asset Protection, BuySell, Compensation Plans
St George, UT
M-F 8 am - 5 pm
IRS Audit Help
Pick your favorite scary movie. It could be the first Alien or something else. No matter how scary they were, nothing is scarier than IRS audits.
If a person has a nightmare about finances, chances are that it is about IRS audits. However, if you are paying your taxes regularly and honestly about your filings there is no reason why you should be afraid of an audit. The IRS picks people with the help of a computer software program that zeros in on individuals that could have erred in filing their returns.
Normally, people who show deductions too high in relation to their income or tax items as erroneous are more likely to face a tax audit. Even so, only 1.5 to 2 percent of all tax filers are audited every year. The reason for the relatively low rate is the IRS simply does not have the staff to do the work. Think about it. There are hundreds of millions of tax returns filed each year!
One area the IRS does get riled up about is abusive business loss claims. The IRS looks for people who show losses in business over the years. If you are claiming business losses each year, it begs the question as to how you are staying in business. People that fudge in this area are really asking for trouble through IRS audits.
Moreover, if you have these things on you tax forms you may attract a tax audit:
Unreported taxable income is definitely going to attract audit. For example, interest earned.