What types of taxpayers are likely to be audited by the irs

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Reference no: EM133931749

Problem: Tax Audits

Planning for taxes is an important item to cover when completing your client's financial plan. You must do best to reduce their tax liabilities and to avoid an audit. Discuss the following questions about audits.

Respond to the following:

1) If a taxpayer files their tax return and receives a tax refund from the IRS, does that mean the IRS considers the return correct and will not be subject to a future audit?

2) What types of taxpayers are likely to be audited by the IRS? Get the instant assignment help.

3) Have you been involved in an audit? If so, describe the experience or process. If not, what would the steps be for an audit?

Reference no: EM133931749

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