• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Free From Broke

A Personal Finance Blog for Regular Folks

  • Home
  • Personal Finance
  • Debt
  • Saving
  • Investing
    • Best Online Brokerages
  • Taxes
  • Credit Scores

audit

What Should You Do If You Are Audited?

Published or updated April 22, 2013 by Miranda

It’s the ultimate financial nightmare: What if you are audited?

Many of us live in FEAR of a possible IRS audit.

However, less than 1% of taxpayers are audited each year.

Some audits come because of red flags that the IRS recognizes, and others are simply the result of random chance.  In many cases, all that is needed is for you to mail in some documentation that backs up your claim of a deduction or credit.  Getting an audit letter is no reason to immediately panic.

But there is always the chance that you have to go through a more difficult tax audit.

If that happens, though, you have options: [Read more…] about What Should You Do If You Are Audited?

Filed Under: Taxes Tagged With: audit, tax audit

6 Audit Red Flags the IRS Uses to Choose Which Returns to Audit

Published or updated April 16, 2013 by Miranda

When it comes to your taxes, there are few things scarier than the prospect of a tax audit.

The good news is that most people aren’t audited.

Further, most audits are actually taken care of through the mail.  Many audits are routine, and require only that you send in a piece of missing documentation.

However, most people still prefer not to be audited at all.

As you prepare your tax return, consider the following 6 audit red flags that could lead to an increased chance of audit:

[Read more…] about 6 Audit Red Flags the IRS Uses to Choose Which Returns to Audit

Filed Under: Taxes Tagged With: audit

Primary Sidebar

A Little About Me

Glen CraigI'm Glen Craig - I used to live paycheck-to-paycheck, drowning in credit card debt. I turned that all around and now I build wealth rather than debt.

My goal is to make personal finance easy for you.

More ABOUT me.

Join our email list (FREE) and never miss an article!


Free From Broke as seen on

Follow Us

FacebookGoogleTwitterRSS



Follow @freefrombroke

Top Articles

  • Use Google Calendar To Pay Your Bills On Time
  • 9 Things to Do When You Retire
  • Side Hustle-Make Extra Money Cleaning Homes
  • Four Ways You Can Pay Off Your Home Mortgage Faster
  • Don’t Forget Your 401(k) When You Leave Your Job! Here’s What You Can Do With It
  • Your 4 Step Guide on How to Stop Living Paycheck to Paycheck
  • What Is A Mortgage Escrow Account?
  • This is Why Your House Isn’t Selling – Here’s How to Finally Get Your House Sold
  • 7 Ways to Get Rich Quick
  • What is Renter’s Insurance and Why You Need It
  • What Is a Probate Lawyer and When Would You Use One?

Recent Articles

  • Don't Let Your Goals Fizzle Out! - 5 Reasons Goals Fail, and What You Can Do To Make Yours Succeed
  • What Do You Think of New Year's Resolutions?
  • How to Spend Your Income Tax Refund - 25 Ideas
  • Where's My Tax Refund? How to Check the Status of Your Tax Refund
  • Your Guide to Setting SMART Goals For Your Finances and Life

Tools to Improve Your Finances

  • Online High Yield Savings
  • All About Online Checking Accounts – Why Pay More Fees Than You Have To
  • Personal Capital Review - A One Stop Financial Center
  • Online Brokerages That Won't Break Your Bank
  • Credit Karma Review - Get Your Credit Score and More
  • CD Rates
  • Savings Rates
  • Mortgage and Refinance Rates
TurboTax Review HR Block Review Shoeboxed Review

Follow Us On Pinterest!

Follow Free From Broke's board Most RePinned and Popular {Free From Broke} on Pinterest.

Footer

More

  • About
  • Archives
  • Contact Us
  • Get Our Newsletter

More Recent Articles

  • What is a Refund Anticipation Loan (RAL) and is it Worth It?
  • Paying Taxes with a Credit Card: Pros and Cons
  • 10 Tricks to Get Textbooks For Less Money (Because Tuition is Expensive Enough!)
  • Groupon American Apparel National Deal - Double Your Money, December 2015
  • 7 Ways Your Finances are Scarier Than Zombies

Disclaimer

Free From Broke is for general information or entertainment purposes only and does not constitute professional financial advice. Be smart and do your own research or contact an independent financial professional for advice regarding your specific situation.

In accordance with FTC guidelines, we state that we have a financial relationship with companies mentioned in this website. This may include receiving access to free products and services for product and service reviews and giveaways.

© 2007–2021 Free From Broke A Personal Finance Blog For Regular Folks – All rights reserved.

No content on this site may be reused in any fashion without written permission from FreeFromBroke.com | Privacy Policy | Sitemap

Copyright © 2021 · Metro Pro on Genesis Framework · WordPress · Log in