Few events inspire more dread than an IRS tax audit. Even if you’re confident you’ve accounted for every cent of income and only taken legitimate deductions, it’s hard not to worry what a close examination of your tax returns might uncover — not to mention the time spent tracking down old records.
Here are a few pointers to help allay your fears and better prepare in case you should ever get chosen for the dreaded IRS audit. There are three basic types of IRS audits:
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