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ADVISORY/How to Prevent and Prepare for a Tax Audit; Tips to Reduce the Risk and Prepare For the Worst.


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News Editors/Feature Editors/Business Editors

ADVISORY...

MULTIMEDIA AVAILABLE:

http://www.businesswire.com/cgi-bin/mmg.cgi?eid=4590042

--(BUSINESS WIRE)--As many as 800,000 Americans could be audited this year

including 50,000 taxpayers that the IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws.  will randomly target. While there's no guaranteed way to avoid an audit, you can lessen less·en  
v. less·ened, less·en·ing, less·ens

v.tr.
1. To make less; reduce.

2. Archaic To make little of; belittle.

v.intr.
To become less; decrease.
 the chances for an audit by putting a little extra attention into preparing and reviewing your return. And if the IRS does come knocking, you can keep the damage to the minimum by staying organized and keeping supporting documentation.

When filing on your own taxes, many experts recommend using tax preparation software. Tax preparation software like TurboTax walks you through tax Do's and Don'ts and helps you comply with the latest regulations. Besides helping you organize your tax information so you're prepared for an audit, tax software educates you to understand tax laws and how they affect you and your family.

By being informed, you can be confident that your tax return is accurate and complete.

THIS FOOTAGE CONTAINS:


SOT:

    -- Neil Quinn, taxpayer who was audited
    -- Fred Grant, CPA, Tax Expert for TurboTax

B Roll:

    -- Neil looking over audit letter
    -- Neil going through his tax documents
    -- Close-up on tax documents
    -- Shot of crowds/taxpayers
    -- Fred Grant giving tips on avoiding red flag triggers
    -- Neil at computer using tax software
    -- Neil looking relieved


MULTIMEDIA AVAILABLE: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=4590042
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Mar 11, 2004
Words:259
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