{"id":199,"date":"2024-05-24T15:31:13","date_gmt":"2024-05-24T20:31:13","guid":{"rendered":"http:\/\/www.fcallc.biz\/blog\/?p=199"},"modified":"2024-11-23T08:25:31","modified_gmt":"2024-11-23T13:25:31","slug":"avoiding-an-irs-audit","status":"publish","type":"post","link":"https:\/\/www.fcallc.biz\/blog\/?p=199","title":{"rendered":"Avoiding an IRS Audit"},"content":{"rendered":"<p>No one wants to be audited by the IRS.&nbsp; It is embarrassing and also draining emotionally.&nbsp; It makes many people uncomfortable because it implies that you did something wrong.&nbsp; But just because you are audited doesn\u2019t mean that you did something wrong.&nbsp; The IRS randomly picks who it audits.&nbsp; Some individuals are more likely to be audited than others.&nbsp; For example, self employed, high income filers, and workers with cash income are more likely to be audited.<\/p>\n<p>So what can you do to avoid an audit or protect yourself if selected for an audit?<\/p>\n<ul>\n<li>Be honest when completing your return: Don\u2019t lie about how much money you made.<\/li>\n<li>Keep all receipts: IRS <span style=\"text-decoration: underline;\"><a href=\"http:\/\/www.irs.gov\/publications\/p552\/index.html\">Publication 552, Recordkeeping for Individuals<\/a><\/span> &nbsp;is a good source on the length of time to keep records.<\/li>\n<li>File your return on time: Be mindful of the due date for filing and file on time and as soon as possible.<\/li>\n<\/ul>\n<ol>\n<li>Know your rights as a taxpayer: IRS<span style=\"text-decoration: underline;\"> <a href=\"http:\/\/www.irs.gov\/\">Publication 1, Your Rights as a Taxpayer<\/a><\/span> is a good reference for all taxpayers to read.<\/li>\n<\/ol>\n<p>In summary, be smart, know your rights, keep proper records and you will be well prepared in the event of an audit.<\/p>\n<p><strong>Follow us on Twitter.:<\/strong><strong> http:\/\/twitter.com\/1stCapAdvise<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>No one wants to be audited by the IRS.&nbsp; It is embarrassing and also draining emotionally.&nbsp; It makes many people uncomfortable because it implies that you did something wrong.&nbsp; But just because you are audited doesn\u2019t mean that you did &hellip; <a href=\"https:\/\/www.fcallc.biz\/blog\/?p=199\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21,29,8],"tags":[46,11,42],"class_list":["post-199","post","type-post","status-publish","format-standard","hentry","category-consumer-laws","category-education","category-taxes","tag-education","tag-tax-preparation","tag-taxes"],"_links":{"self":[{"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/posts\/199","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=199"}],"version-history":[{"count":5,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/posts\/199\/revisions"}],"predecessor-version":[{"id":572,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/posts\/199\/revisions\/572"}],"wp:attachment":[{"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}