Audit?

[Burke B]

Is there an increase chance that I will be audited with the new law taking effect?  

Thanks

[Anonymous]

Hello Burk B,

Thank you for participating in this Ask the Experts event. As to your question, if you are referring to the increase in the number of IRS agents being hired, one of the more important immediate issues they will be dealing with is helping to take care of the backlog of returns.

While there has also been talk about increased audits, there really is no way to know how the IRS audit procedures will change. The more important thing to focus on is ensuring you are keeping accurate tax records and following the tax law appropriately where if you are audited it will be a very quick, uneventful experience.

I hope that helps.