Think You Can't Be Audited? Consider This…
I’m not speaking from personal experience here, but a nifty article over at the Motley Fool reminds us that the IRS has been cracking down on delinquents.
Here are their top 5 audit myths or ‘I won’t get audited because (insert common audit myth here).’
- … I received my refund.
- … I’m lucky.
- … I don’t file until after audit ‘testing’ season.
- … I deal in cash only, and they can’t audit cash.
- … I have an accountant who knows what you can get away with.
Their advice:
Don’t believe any of these popular audit myths. Take advantage of the legal loopholes, report all of your income, and take every allowable deduction. Then stop right there.



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