Understanding Tax Audits in the United States
A tax audit is an examination of an individual's or organization's tax returns by the Internal Revenue Service (IRS) to ensure that financial information is reported accurately and according to tax laws. While the thought of an audit can be daunting, understanding the process and knowing what to expect can help alleviate concerns and prepare you effectively. This article explores the various aspects of tax audits in the U.S., including types of audits, common triggers, the audit process, and how to respond if you are audited.
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