The Most Common Misperceptions About Audits, Debunked

Alden Wicker
Posted

As you file your return this year, you might be nervously crossing your fingers you don’t get audited.

But perhaps you should relax a little. Only 1% of taxpayers receive an audit letter. And most of your interaction would be low-drama, in the form of emails and letters instead of face-to-face interrogations.

This is according to Turbotax, which put together a fascinating look at the state and process of auditing, including your chances of being audited and what to expect if that happens. Take a look:

auditmisconceptions
Free Tax Filing, Efile Taxes, Income Tax Returns – TurboTax.com

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