Printer Friendly
The Free Library
4,482,120 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

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


To download high-resolution, print-ready JPEG images, click on the thumbnail image above.

WARNING: these images are

very large (800K+)

Click here for caption

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 will randomly target. While there's no guaranteed way to avoid an audit, you can lessen 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
Tax software
Computer software designed to assist taxpayers in filling out tax returns and minimizing tax liability.
 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.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Mar 11, 2004
Words:259
Previous Article:FDA Clears Pall's LaparoShield System For Minimally Invasive Abdominal Surgery; New System Reduces Risk of Complications and Speeds Recovery.
Next Article:ABI Research Releases Revised Base Station Market Share Data.



Related Articles
BUSINESS FEE REFORM SOUGHT GROUP WANTS ALTERNATIVE TO 'JOB-KILLING' TAX.(News)
Tax services after Sarbanes-Oxley: how to cope in an uncertain present.
Exposure drafts outstanding.
Exposure drafts outstanding.
Exposure drafts outstanding.
NYARM takes pain out of building audits.(New York Association of Realty Managers Inc.)(Brief Article)
The Federal Accounting Standards Advisory Board (FASAB) issues Statement of Federal Financial Accounting and Auditing Technical Release 3 (revised),...
Independence standards--putting it all together.(Independence Issues)
Auditing interpretations.(Official Releases)
Hepatitis A in a food worker and subsequent prophylaxis of restaurant patrons.

Terms of use | Copyright © 2008 Farlex, Inc. | Feedback | For webmasters | Submit articles