The Traderszone Network

Published in TZ Latest News 22 May, 2016 by The TZ Newswire Staff

What Happens If You Get Caught Taking Deductions You Shouldn’t in a Tax Audit?

Getting audited by the IRS is one of the biggest fears that Americans have, and most people therefore have a healthy respect for the tax man. Nevertheless, if you do get audited, there’s a possibility that the IRS will discover that you’ve taken a deduction that you weren’t entitled to take. Knowing the consequences is important so that you won’t be surprised at the end of a tax audit. Below, we’ll go into more detail on what happens if you get caught making a big tax mistake.

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