Tax Audit

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An IRS audit is a serious matter. They are conducted to make sure that taxpayers are complying with the tax laws. The IRS audited 1.03 million individual taxpayers in 2018. That's about 1 out of every 220 people who filed a return. The majority of audits are done through correspondence, which means that the IRS sends a letter to the taxpayer asking for more information. If the IRS finds problems with your return, you may be required to pay additional taxes and penalties.