Audit Proof Tax return – Killer Methods
If you are thinking whether there is any way you can audit proof your tax return, the answer is: yes. You can most definitely prepare your tax return in such a way that reduces the chances that the IRS will not send you a notice asking you to prepare for an audit. It is a very unpleasant experience to receive an audit notice requesting your appearance before the audit division of the Internal Revenue Service. However, if you have taken the time to audit-proof your tax return, you will not have to worry about being selected for an audit. When the Service feels that an audit is necessary, they may or may not inform you about it. Many people feel that they may never be audited because the odds are too small. However, I would advise you to prepare for an audit every year because it is only when you are prepared, that you will lessen the chances of being audited. So how can you audit proof tax return? Call us at 713-774-4467 and we will assist you.
Tips to audit proof tax return:
- Use your computer to prepare your tax return – This is one thing that you should always remember at the time of filing for the tax return. When you use the computer to prepare your tax return, the computer generated return will not just look clearer but also neater. When the IRS staffer views your return and does not find anything that is unclear or missing, they may not subject your return to an audit. If you prepare the tax return by hand, then it may not come out to be clear and tidy. If the IRS staffer can not understand your handwriting properly, then they may ask you to prepare for an audit. So make sure you use a computer generated return if you want to audit proof your tax return.
- Be accurate – This is very important when you want to audit proof your tax return. As long as all the information and records that are provided in the accounting records are accurate, the IRS will not have any reason to subject you to an extensive audit. Make sure that your accounting records are calculated correctly because if the IRS finds any problems, then they will increase the scope of the audit. This will probably cost you a lot of extra time and money. This is a good reason to have us examine your records first, even if you want to represent yourself. call us at 713-774-4467 and set an appointment.
- Watch schedule C at the time of preparing your return – Try to avoid filing an income tax return with a Schedule C. If you have self employment income with very little expenses against it, then you may want to forgo the deductions, instead of risking an audit.
- Do not always round up your numbers – Many people use round numbers when they are preparing their tax returns. This is something that you should avoid because using round numbers all the time means that you are just estimating the actual amount. If the amount is $887 then you should not round it up to $900. Just record it as $887.
- Deductions – Many people have the tendency to claim huge deductions for loss due to fire, flood, earthquake, etc. If you claim that you have suffered a huge loss due to an uncertain event, then the IRS may ask you to give them proof. If you want to audit proof your tax return, you could always include copies of insurance reports, canceled checks, repair receipts, pictures, etc. This will help prevent the IRS audit, if the auditor feels that the documents that you have provided looks reasonable enough.
Audit proof tax return return with professional help!
If you wish to audit proof your tax return, you will want to consider the help of our experienced professional CPA firm. This way, you will know ahead of time the odds of the IRS auditing your return, and what backup information you will need to support the deductions.
- If you are considering hiring us, call Joe Mastriano, CPA 713-774-4467.
- Think your IRS matter is handled? Think again!
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