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IRS Audit Help Casper WY

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.

Liberty Tax Service
(866) 871-1040
944 E 2nd St
Casper, WY

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Payless Tax & Business Solutions
(307) 655-5543
307 E 3rd Street
Sheridan, WY
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20% off Your First Tax Return

Liberty Tax Service
(866) 871-1040
2205 E Pershing Blvd
Cheyenne, WY

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Liberty Tax Service
(866) 871-1040
944 E 2nd St
Casper, WY

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H&R Block
(307) 532-5413
2109 MAIN ST
TORRINGTON, WY

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H&R Block
(307) 877-5789
1100 PINE AveSTE 113
KEMMERER, WY

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Liberty Tax Service
(866) 871-1040
1802 Dell Range Blvd
Cheyenne, WY

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H&R Block
(307) 362-6101
1461 DEWAR dr
ROCK SPRINGS, WY

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H&R Block
(307) 684-5125
510 W LOTT ST STE A
BUFFALO, WY

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Liberty Tax Service
(866) 871-1040
1001 S Douglas Hwy # 240
Gillette, WY

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IRS Audit Help

IRS Audits

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.
• You have complicated business expenses
• You have rental expenses.
• You have been audited earlier and proven guilty.
• If you are a partner or shareholder in an audited firm.
• You claim to donate heavily to charities.
• Self-employed people have the greatest chance to claim erroneous deductions; hence, they are more likely to be audited.
• Deductions under home office are also open for scrutiny more often.
• If the mileage claimed is large enough to cause doubt.
• If you have not filed alimony under taxable income.
• Some informant has tipped the...

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