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Getting audited by the IRS can be extremely stressful, tedious, and difficult. People who are audited by the IRS have to go through a process of proving that their tax returns are accurate. If the audit reveals that their tax returns are not accurate, then the people who were audited can end up owing large fines and penalties in addition to any missing taxes.
In this video, tax expert Karlton Dennis explains the odds that people making under $300,000 per year in America have of being audited by the IRS. Most Americans have annual incomes under this amount. So, this video will apply to the vast majority of the American tax base.
At the end of this video, Karlton also explains how to dramatically reduce the chances of being audited. So, this video is also beneficial for people who want to know what they can do to reduce their IRS audit risk.
*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
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