Don't fear the tax audit. If you're not engaged in illegal activity, you have little to fear beyond some extra administrative work. That being said, having your financials reviewed by the IRS isn't ideal. There's no guaranteed strategy to avoid an audit; roughly 1% of taxpayers are audited each year. However, understanding what the IRS looks for when considering an audit can go a long way to avoiding a tax headache. Read the full article here: https://www.oflaherty-law.com/learn-about-law/avoid-triggering-a-tax-audit
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This video will discuss twelve methods for avoiding an audit by the IRS. We will cover strategies related to the following: Understanding the audit selection process, How to file to avoid an audit, and Proofreading your return.
**None of the content in this series is intended as paid legal advice.