What If You Get Audited?

What If You Get Audited?

“Audit” is a word that can strike fear into the hearts of taxpayers.

However, the chances of an Internal Revenue Service audit aren’t that high. In 2013, the IRS audited 1.0% of all individual tax returns. And being audited does not necessarily imply that the IRS suspects wrongdoing. The IRS says an audit is just a formal review of a tax return to ensure information is being reported according to current tax law and to verify that the information itself is accurate. 

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Estate Planning Tips

Estate planning is something that is often brushed aside. But planning ahead could put your loved ones in a much better position, as it is a crucial task for long-term investing and creating a secure financial future. For instance, if taxes are an issue for you, your estate planning can limit the amount of money your beneficiaries owe. Here are a few tips to guide you through the process.
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