More Finance, Jobs & Money Questions

why do people get audited by the IRS?

Tax season is around the corner. We all fear the IRS and I personally knew one guy who did get audited but he was really not too smart and he wouldn’t fess up to doing anything wrong. Why do people get audited?

Become an Expert →

Answer #1

People get audited for a variety of reasons, but the IRS uses a statistical analysis software to determine the mean, medium, and other stats brackets for people who file. Then, it’s a matter of reviewing the highs & lows that make up the anomolies, and then more than likely prioritizing by revenue…eg, those that make up a bigger cash discrepency for the government are most likely to get audited first. Those that, while the return might not add up, result in a tiny difference in IRS revenues, will probably be last on the list.

However, it’s illegal to cheat, so it’s always best to be honest & consult a tax advisor, as they can help make sure you pay properly, and don’t over pay or under pay.

More Like This

How can I get an acting audition for movies? - 2 Answers
Please no sour comments but how can I get into movies or auditions if my parents are always working I used to be in acting bu...
Auditions for people 13 and under in maryland,usa - 3 Answers
Anyone know of any auditions for people 13 and under in maryland,usa or close to that location? Thnkx
How do people audition for shows? - 1 Answers
I'm young and enjoy acting and want any info on anything.
Where can people over 55 get a good job? - 1 Answers
I want to work in a more congenial, less pressurized environment. Any comments on good cities, good industries, etc. is much...
How to get a Paypal? - 1 Answers
so how an where does one get a paypal wotsit.
Hiding money from the IRS: bad idea #23 - 1 Answers
I was reading an article in money magazine yesterday about the number of people that get audited each year, and how the IRS u...
Can you get your own Medicaid at 18 ? - 1 Answers
Can you get your own medicaid at 18 ? Im in NC .
How can a felon get a commercial driver licence? - 1 Answers
how can I get a CDL and how can I get financing for the schooling being a felon?
how do you get a truck driving job with a felony - 2 Answers
how does a person with a felony get a truck driving job
How---does the irs pay taxes? - 1 Answers
I was just wondering if the irs paid taxes? And if they owe'd mulah to the irs...would they pay themselves?

Ask an advisor one-on-one!

why do people get audited by the IRS?

Leading Tax Group

Leading Tax Group

Leading Tax Group

Leading Tax Group

Leading Tax Group