Never Have a Tax Return Prepared Without Knowing What The IRS Has On You
Over decades I have seen people get audited because the w-2, 1099, and other 3rd party payor documents did not match what the IRS had. Audits can be very costly. Some people are not afraid because they say they have their invoices and payment receipts. They are shocked to find out in an audit their deductions are held to a higher standard. File an extension, and around the end of August, get the latest wage and income transcript, and match what they have on your return. If there are discrepancies, now is the time to handle it. This helps prevent an audit.