Reference no: EM131781532

Module 5 Discussion - Making your Return IRS Proof
Overview:

The IRS audits a select number of tax returns each year. A taxpayer can reduce the chance of audit by following a few simple rules.

Instructions:

Read the following article from the Motley Fool (see attached). The article is entitled : "Make Your Tax Return IRS - Proof"

Which strategy do you think is most important to minimize your risk of audit? Please explain.

Learning Objective:

In this discussion, you will:

Describe the IRS audit process and identify common "red flags" on tax returns