The Traderszone Network

Published in TZ Latest News 5 March, 2017 by The TZ Newswire Staff

What Is a Correspondence Audit?

If there’s one thing taxpayers dread almost as much as owing the IRS money, it’s getting audited. While nobody wants to go through the audit process, much of the time, it’s a far less harrowing experience than most of us have been led to believe. In fact, if your return is flagged for further scrutiny, the most you’re likely to face is what’s known as a correspondence audit.

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