4 Reasons You Shouldn't Fear a Tax Audit
The tax-filing deadline is coming up quickly, and that means many filers will no doubt be scrambling in the next week or so to get their returns in order. But while you may be concerned with rounding up your documents and paperwork and checking your tax details carefully, one thing you should be less concerned about is the idea of a tax audit. Here's why.
You'll often read about tax audits in the news or see them happen on TV. But in reality, they don't happen all that often. In fact, less than 1% of tax returns get audited each year, and given the COVID-19 crisis, it's unlikely that that percentage will climb this year. Many IRS offices remain closed in light of the pandemic, and so there's a good chance the agency will be even less equipped to deal with audits in 2020 than it was in years past.
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Source Fool.com
