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Tax Audit Myths | The First National Bank Blog

March 17th, 2015

tax audit myths“Only rich people get audited.” “I would know right away if the IRS finds problems with my tax return.” “If I’m audited, I can expect a visit from an IRS agent.” These and other tax audit myths still circulate today even though the IRS has changed many of its practices. This month’s shared blog from Yahoo Finance looks at what might trigger an audit and what tax payers should (and shouldn’t) expect during the audit process.

What tax audit myth do you still hear people repeating? Let us know in the comment section below.