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Host: How can I avoid being audited?
Art Auerbach: You really can't because there are certain number of returns that are randomly selected for exam. Now, if you have questionable items on the return, the more support you attached to the filing the better off you are, because when the return gets picked out by the computer, a classification agent will look at that return and if have attached the substantiation, they will put it back because there is no point in sending somebody out to get the same information you have already sent him. So if there is a real questionable item on the return, you might consider making additional attachments to the filing so that if this event happens then the support is already there.
Expert: Art Auerbach
Tax Director
Serving clients since 1932, Goodman & Company brings 75 years of knowledge and experience to the demands of today's ever-changing business environment. Throughout the past 75 years, we've never strayed from our mission-to provide each client with personal, high-quality service using the most up-to-date technology and resources.
About This Video
Basic information to prepare an individual income tax return, Form 1040 and the basic schedules. This video is designed for those individuals who want to undertake the preparation of their tax return. There are More »
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This video series: 634 views
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Tags: Taxes, Tax, Income, Deduction, W2, 1099, Government, Accountant
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