Things You Need to Know About The Surge in Tax Audits

Tax audits are on the rise, and understanding the reasons behind this increase is key. Let’s explore what’s driving the surge and how to stay prepared!

Why Are Tax Audits on the Rise?

The IRS is focusing more on ensuring compliance, especially with high-income earners and small businesses. Increased scrutiny has led to a surge in tax audits.

Common Tax Audit Triggers

Certain factors like inconsistent income reporting, large deductions, or discrepancies between filed returns and third-party reports can trigger a tax audit.

How to Prepare for a Tax Audit

Staying organized is crucial. Keep accurate records, respond to IRS notices promptly, and consult a tax professional to help guide you through the tax audit process.

Let Jarrar CPA Guide You Through Your Tax Audit

If you’re facing a tax audit, Jarrar CPA offers expert guidance and support. We help you understand your rights and minimize the impact of audits on your finances.