The Most Common Misperceptions About Audits, Debunked
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:
Free Tax Filing, Efile Taxes, Income Tax Returns – TurboTax.com
More From LearnVest