Tax audits can be stressful but are a routine part of tax compliance from "summary" of Income Tax Fundamentals 2021 by Gerald E. Whittenburg,Martha Altus-Buller,Steven Gill
Tax audits are a common occurrence that many taxpayers fear due to the potential stress they can bring. However, it is important to understand that audits are simply a routine part of tax compliance. They are conducted by the IRS to ensure that taxpayers are accurately reporting their income and claiming only the deductions and credits to which they are entitled. During a tax audit, the IRS will review your tax return in detail, examining your income, deductions, credits, and any other relevant information. This process can be time-consuming and nerve-wracking, as you may be required to provide additional docum...
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