What Is an IRS Tax Audit?

Author: External Author | | Categories: IRS Audit Notification , Tax Accountant

An IRS tax audit is a review of your financial records and tax payments to ensure you've paid the correct amount of taxes. Only around 0.6% of personal returns are audited annually, and the majority of these involve nothing more than an exchange of correspondence.1 However, in more extreme cases, you may have to meet with the IRS in-person.

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Original Article Source Credits:   The Balance , https://www.thebalance.com/

Article Written By:  Beverly Bird

Original Article Posted on:  January 10, 2021

Link to Original Article:  https://www.thebalance.com/overview-of-individual-taxpayer-irs-audit-4147677