I received an audit notice

I received an audit notice and am scared that when the IRS reviews my return and God-forbid finds something wrong, am I going to jail?

This is a common perception that a mistake on an audited return leads to corporal punishment or worse. Mistakes are part of many filings (mostly inadvertent) and are dealt with as an “adjustment” to arrive at a final figure for taxation or refund. Typically an IRS representative, absent a pattern of deceit, and a large dollar amount of mistakes will often assume the best.

2018-09-18T12:47:15+00:00