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10 Tips to Avoid an IRS Audit

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4 Year-End Money Tips to Lower Your Tax Bill in 2020

4 Year-End Money Tips to Lower Your Tax Bill in 2020

Many Americans don't think about their tax bills until the new year. But there are things you need to do before Dec. 31 if you want to pay less later.


Author's Note: 10 Tips to Avoid an IRS Audit

I was surprised to learn that despite encouraging electronic filing of tax returns, the IRS will never contact you electronically about conducting an audit. You will get a phone call -- and doesn't that sound like a fun conversation -- or snail mail, due to disclosure requirements. The lesson here: Open those IRS envelopes as soon as they arrive -- but do so at your own risk.

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Sources

  • FindLaw. "Avoiding an Income Tax Audit." 2014. (Oct. 29, 2014) http://tax.findlaw.com/tax-problems-audits/avoiding-an-income-tax-audit.html
  • Fishman, Stephen. "What are the Odds of Being Audited?" Nolo. 2014. (Oct. 30, 2014) http://www.nolo.com/legal-encyclopedia/what-are-the-odds-being-audited.html
  • Internal Revenue Service (IRS). "Alimony." (Oct. 30, 2014) http://www.irs.gov/publications/p17/ch18.html
  • Internal Revenue Service (IRS). "Audit FAQs." Oct. 14, 2014. (Oct. 30, 2014) http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/IRS-Audit-FAQs
  • Internal Revenue Service (IRS). "Free File: Do Your Federal Taxes for Free." Nov. 2, 2014 (Nov. 16, 2014). http://www.irs.gov/uac/Free-File:-Do-Your-Federal-Taxes-for-Free
  • Internal Revenue Service (IRS). "IRS Form 8283, Noncash Charitable Contributions." Jan. 28, 2014. (Oct. 29, 2014) http://www.irs.gov/uac/Form-8283,-Noncash-Charitable-Contributions
  • Internal Revenue Service (IRS). "IRS Audit." Oct. 10, 2014. (Oct. 30, 2014) http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/IRS-Audits
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