Most people in the world today have IRS and auditing as some of their top fears which is the reason why they can do anything possible to avoid the same. It is great news to however hear that auditing is rarely done in the current time which brings the number of people audited every year to about 1{47e463ba9996de0fa1b8504d0773db407a4976e5f6203e945a95be1add0c472d}. It is thus vital to note that only file the returns timely as stated in the law but also to apply many other strategies and measures as highlighted below to ensure that one keeps the taxman as far as it is possible.
Reporting all the income is the number one useful resource that taxpayers can use to keep away the IRS officers as much as they can. The top reason why IRS carries out audits is that some people fail to report all their sources of income. It is vital to always remember that IRS has access to all the forms that one gets regarding their income and not reporting the same is a risky mission plus one must also come clean about any assorted income as well as their Schedule D forms.
One of the greatest mistakes that land people into the IRS audit is presenting data with mismatching content which is the reason why it is vital to take time to correct any contradicting details before presenting it to the agency. One of the reasons why the taxman decides to audit some people is presence of inconsistencies between the aforementioned sets of reports and data which brings the need for everyone to assess their data and eliminate any errors before presenting the same to the IRS. The market is full of software that people can use to determine and compare their income data and the tax reports which people can use to get rid of any such errors as a way of keeping the IRS and its officers away. It is also advisable to hire a professional that can help and guide one through the process as well as to check through for any inaccuracies.
It is also vital to be honest when filing returns and as well as any documents related to tax if one does not want to come face-to-face with IRS. Any lies relating to charity contributions can be easily detected as IRS not only knows everyones salary range but can also determine the highest amount that such people can give to charity as well. It is essential to avoid any uncertain expenses in ones tax reports as it makes one look suspicious to IRS.