ThePayStubs wants to help you prevent tax audits. They provide a series of tips to take into consideration when filing your taxes each year. Check out their blog post titled, “Prevent Tax Audits From Happening to You!” Learn more at thepaystubs.com.
FOR IMMEDIATE RELEASE
Santa Fe, CA, November 13, 2020- ThePayStubs, a service for paystubs online, wants to help you prevent getting audited by the IRS.
While you can’t completely prevent tax audits from happening, there are a number of things that you can do to reduce the chance that you get flagged by the IRS.
“An auditor checks your return once it’s selected. If everything checks out, it’s approved. If anything looks suspicious, the IRS investigates further with an audit,” says a spokesperson for ThePayStubs on preventing a tax audit. “You can’t completely protect yourself from an audit, but you can make yourself less of a target.”
You can be flagged for audits based on how your tax return compares to others who have the same jobs and roles. You can be flagged if you are associated with anyone else who has been flagged.
Make sure to file a tax return every single whether or not you had an income. Make sure your return is completed clearly and accurately, to the best of your ability. The fewer errors that are made on your tax returns, the lesser your chance of getting audited becomes.
“Never lie on your tax return or falsify any of your information,” says a spokesperson for ThePayStubs. “The IRS knows what makes sense for different jobs, income levels, and other situations. If you grossly overstate how much you donate to charity, it’ll likely send up a red flag if it’s much higher than normal for your income level. Deductions are another area where some people try to cheat.”
If you are unsure about the process, make sure you go through a reputable tax preparer.
“Any mistake on your return creates an increased risk of an audit, even if you’re not the one who makes the mistake,” says a spokesperson for ThePayStubs. “A tax preparer who makes a mistake on your calculations could set you up for an audit. Some of those mistakes may be innocent. Others may be intentional to lower your tax obligations with unethical business practices.”
By using ThePayStubs and reporting incomes honestly you can avoid tax audits. As a freelancer or a small business owner, it is important to cover all of your bases so that you make yourself less likely to be audited.
Learn more at thepaystubs.com.
About ThePayStubs: ThePayStubs is an online check stub generator, created by a professional accounting firm. They offer clients the possibility to easily and instantly generate paycheck stubs. Their calculations are validated by professional accountants which gives users the possibility to keep track of their finances and provide proof of income at all times. They are available 24/7 through live chat or phone to answer all inquiries and provide personalized support.
Contact Information:
Name: Justin Brown
Organization: ThePayStubs
Address: 1947 Rancho Santa Fe, CA 92067 USA
Phone: +1 (888) 248-3180
Website: https://www.thepaystubs.com/
