How to bulletproof yourself in case of an audit…

Everyone is deathly afraid of getting audited, but the truth is that audits are not a terrible thing. They are quite routine actually. Every year, a certain percentage of federal tax returns are audited to ensure accuracy. In 2014, out of people that reported under 100k in income, only 0.52% of them were audited; under 200k in income, only 0.65% were audited. The truth is that if you get audited and you can prove everything on your return, then you will be bulletproof. The trouble comes in when you don’t have the appropriate records. Great record keeping is the key to winning an audit. If

Alexander Financial

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