Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Why does a tax return usually get audited?

audited tax return usually
0
Posted

Why does a tax return usually get audited?

0

If you report wages, other income items or mortgage interest that differs from the amount reported to the IRS, you may receive a “correction notice” that simply asks you to explain the discrepancy. These computer-generated notices do not constitute an audit. Returns are actually audited for a variety of reasons. In most cases, your return may contain one or more items that make it stand out from the statistical information that the Internal Revenue Service has gathered about the “average” taxpayer in your income bracket. The audit will generally cover only those items that appear to be questionable on your return. Please return me to the list of questions. Please return me to the Home Page.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123