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The chances of you going through tax audits is something that cannotbe put into figures as your chances of receiving a tax audit aresomething that will change from year to year depending on the figureswithin your data that you send as well as many other factors, byknowing and understanding them you will be able to reduce your chancesof getting one. However the chances are roughly 1 to 164. If you earning less that $10000 per year then you will find that thechances of receiving tax audits is lower than those earningmore. This is usually only applicable to people who are running asmaller kind of business, or those on an average or below averageincome. There is a target range that has been set for rough earning potentialand if the amount you earn is much more than what they feel you mayearn then the chances of being audited will increase greatly. The samewill go for the other end of the scale if you claim to be earning muchless than they feel you should be. If you ask for a lot of reductions on the amount you wish to be nonliable to pay this will mean that your tax and earnings will be lookedat more close;y, as will any items such as cell phone bills, as this issomething that you could easily be using to make personal non businessrelated calls and trying to get money reduced against the terms. If you try and have 2 separate phones, there is less chance of thishappening and if you do then you will find that it is much easier todefend as you will have the opportunity to show that the numbers onyour bill do not match that of the one from the phone you use forpersonal calls. If you have paid money in order to set up a business venture or extendyour existing one, but have not earned any or little money from it, andtry to claim these expenses back, this will also be something that theIRS tax will be looking out for so you will need to be sure you keepall details if this is the case. If it is not then don't take the risk!Always be honest and then you can be sure you will have a case if anaudit is to occur. Being honest about what you spend and receive willmean you will always have the proof to back up your claim.
Avoidng,Tax,Audits,The,chances