When doing your taxes, your greatest fear is the possibility that you will be audited. So many people fudge numbers on their taxes that it has almost become commonplace. However, an audit can expose those fudged numbers and leave you open to having to pay more taxes. Here are five signs that you might be audited.
1. If you provide incomplete information on your form, you can anticipate an audit. The IRS needs complete information to process your tax form, so if you do not give them that information, they are likely going to respond with an audit.
2. If your income to tax load ratio is too high, expect an audit. If you make hundreds of thousands of dollars in a year and do not pay a cent in tax, you can expect an audit. In fact, in this case, you should be audited because you should pay your taxes.
3. If the IRS notifies you of a delay in processing your return, that means your return is under review and is likely to be audited.
4. If you do hear a response about a refund within two weeks, an audit is likely coming.
5. If the IRS requests more information even if you file a completed return, you may be facing an audit.Related Article : 3 Quick Tips to Avoiding an Audit
