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“Oh boy... tax time again! (Groan) Where are my receipts... my W-2’s, etc.”. Sound like you? Hmm.
Number one on my list of ways to help avoid audits - get organized! Try to put all of your tax information in a filing cabinet or box. This will
not only save you stress but will save you money, especially if you have to have your returns redone because you forgot part of your tax records.
Having your information organized will also help you in the event that you get audited.
The IRS calculates probabilities of incorrect information as well as the probability of unreported income. This leads me to number two: report
ALL taxable income!
Number three is simply to remember to SIGN THE RETURN! It is unreal how many folks forget to sign their returns which can cause an IRS red flag.
The Memphis Tax Lady marks with a red pen where a client is to sign and date their returns helping to avoid this problem.
Number four... the IRS pays attention to simple math mistakes and sloppy returns.
A professional tax preparer (like MTL) will make sure that your tax forms are accurate, neat and organized. If despite
everything, you are audited—seek a professional like MTL. Whether or not MTL prepares your return, you should always
have a tax professional go with you to the audit and talk to the auditor on your behalf. In the unlikely event you have
an audit and MTL has prepared your return, Memphis Tax Lady will go with you to the audit. Remember... it is not unusual
for an IRS audit to occur one-to-two years or more after your original return has been filed. MTL is open year round and
is available if you need assistance.
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