What is the likelihood of an audit ?

posted

Connect with an expert

1 Best answer

Accepted Solutions

What is the likelihood of an audit ?

Likelihood of an Audit? Extremely small. See this article from Forbes - http://www.forbes.com/sites/robertwood/2016/03/28/irs-admits-audit-chance-is-small-and-dropping-like...

See this IRS website for audit information - https://www.irs.gov/businesses/small-businesses-self-employed/irs-audits

There is difference between receiving an Audit notice and receiving an IRS Notice or Letter. An IRS notice or letter can be for a multitude of reasons concerning the tax return that has been filed with the IRS. See this IRS website - https://www.irs.gov/uac/newsroom/if-you-receive-an-irs-notice-heres-what-to-do

View solution in original post

2 Replies

What is the likelihood of an audit ?

Likelihood of an Audit? Extremely small. See this article from Forbes - http://www.forbes.com/sites/robertwood/2016/03/28/irs-admits-audit-chance-is-small-and-dropping-like...

See this IRS website for audit information - https://www.irs.gov/businesses/small-businesses-self-employed/irs-audits

There is difference between receiving an Audit notice and receiving an IRS Notice or Letter. An IRS notice or letter can be for a multitude of reasons concerning the tax return that has been filed with the IRS. See this IRS website - https://www.irs.gov/uac/newsroom/if-you-receive-an-irs-notice-heres-what-to-do

What is the likelihood of an audit ?

Audit Risk meter is no longer available in TT online.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post