How Often Can The Government Audit Someone?
Many people are surprised when they encounter the power of the government Audit and the government’s ability to audit someone as many times as they wish as long as they are working with new information.
Can I File Harassment Charges For Repeated government Audits?
If you feel that the government has singled you out for an audit repeatedly and they cannot produce any information that a reasonable person could assume to be potential evidence, then you may have a harassment suit against the federal agency. Statistics show that government audit harassment is a very rare incidence and you would be better served by working with the government to figure out what is triggering their red flags rather than spending your hard-earned money in a lawsuit you may never win.
Can I Challenge A government Audit?
Yes, but is that confrontation worth it? The expense of hiring a tax attorney and CPA willing to do the work for you probably will not outweigh the value of a few hours of personal time if you have nothing to hide from the government. Your first stop should be to review the taxpayer’s bill of rights from the government and then make the decision if you want to issue a challenge against a government audit. If in doubt, always appeal your government audit to give you more time to understand the situation.
How To Avoid A government Audit
The simplest way to keep yourself from being embroiled in a government audit is to report all of your income. You should especially be diligent when it comes to capital gains, dividends, and interest because the institutions that pay you these must file very detailed returns with the government and those returns will cause a red flag if your return does not balance out with theirs.
- Does Paying Cash Increase Likelihood Of a Government Audit?
- Should A Tax Attorney Be Present At a Government Audit?
- How Do I Avoid a Government Tax Audit?
- Why Would The Government Audit Me?
- How Does The Government Decide Who To Audit?