Tax filing errors wave a huge red flag at the IRS. If you’re looking for a magic tax software program that prevents an audit, you’re out of luck. On the other hand I can recommend a tax software company that has a built in Audit Alert system. This tax software will help you avoid an audit.
First we’re going to talk about how to avoid a tax audit. When you file your income tax return, you must be very careful to avoid common mistakes. If you do make mistakes, you will most likely get a notified by the IRS.
Here are some of the common mistakes;
1. Social Security Number Errors
2. Earned Income Credit Errors
3. Mathematical Errors
4. Don’t forget your signature
5. Using the wrong tax form
There are many more tax filing mistakes you could potentially make, but why take the chance? If you seriously want to reduce your risk of an audit, you should use TurboTax Online. They have an Audit Risk Meter that will help you to steer clear of an audit.
According to the IRS, mathematical errors are way up on top of the list for triggering an audit. Tax preparation software will accurately calculate your math for you. If you choose to use TurboTax, they guarantee the math accuracy, and if you get hit with an IRS or state penalty or interest because of a TurboTax calculation error, then they will pay you the penalty and interest.
Double Check My Tax Return Please
Have you ever written a paper and looked at it way too long? Spotting an error is almost impossible if you are the author and have looked at the document for a long period of time. That’s why we have editors and even they miss typos. Online tax preparation software will double check your tax return to ensure everything is accurate and complete.
No Red Flags Waving Here
Some tax software companies have an audit alert system for example; TurboTax Online has an Audit Risk Meter that is very easy to read. It’s actually a graphic that starts out green on one end and ends up red on the other end. That’s right; you want to stay away from the red zone. You will know where you stand every step of the way.
Here’s some more good news. If you receive notice from the IRS that you will be audited, TurboTax Online has a new Audit Support Center. They provide documentation you can download that gives step-by-step guidance that tells you everything you need to know if the IRS contacts you. Now how’s that for reassurance? This is like a huge safety net underneath you. Use the Online Tax Software Today!