Thursday, October 30, 2008

Taxes Can Be Scary: Part 5

Tax Fear # 5

Afraid I will get audited.

Well hell…no one likes the idea of being audited but you don’t have to let that manifest into a fear that prevents you from filing your tax return. If you have taken the time to complete your tax return accurately and you have claimed legitimate tax breaks, then you will have nothing to worry about. Now on the other hand, if you're doing stupid things on your tax return, then expect to get audited. There are obvious red flags, such as excessive medical or charitable deductions that might catch the eye of an IRS examiner. However, if you can show why you filed as you did, and the reason was legitimate, you will be fine. Make sure you keep good records and if you have questions on how to file, ask someone! It’s that easy.

Cheers!
Taxus

Further Reading:
Understanding Audits

1 comment:

taxrep4u said...

Better yet, don't do your own taxes. Have a tax professional do them and save yourself the worry!