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Worried about the IRS? Here are 4 tips for avoiding a tax audit

from Investor Place

For most people, getting a letter from the IRS creates instant anxiety. The IRS has tremendous powers; it can garnish your wages, put liens on your property and even put you in jail! So how do you avoid a tax audit? The department has an intimidating reputation for sure. But for the most part, IRS audits are fairly rare. Based on historical trends, it’s likely to be under one percent for the current tax season. What’s more, most audits are done through the mail. Only a small number even involve visiting a local IRS office. more

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