Submitted by [deleted] t3_11c1bh7 in personalfinance
Werewolfdad t1_ja10ypv wrote
> How does the IRS know I’m being accurate? Will they audit me?
Usually some level of statistical sampling. The very old computer does math to determine if your return is odd enough to warrant additional information.
Self employed persons are more likely to get audited but the number of audits is still tiny.
If your taxes are accurate, nothing to worry about.
[deleted] OP t1_ja117w6 wrote
[deleted]
Werewolfdad t1_ja11kyy wrote
It’s not unexpected for someone your age to have not filed.
If you were reporting $360,000 in income, maybe that’d get more attention. But your earnings is in line with your age
BouncyEgg t1_ja11s2z wrote
There’s no previous years for you so there’s nothing to compare against.
Being audited isn’t as onerous as it may sound.
You can worry less about being audited the more accurate your records are.
If audited, you just get letters in the mail asking for you to submit the proof that you should already have maintained to substantiate your claims. That’s the vast majority of audits.
There’s no person with a badge who comes knocking on your door and shining flashlights in your eyes. There’s no handcuffs. There’s no chains. There’s no whips.
Just plain old boring paperwork.
MyUsrNameWasTaken t1_ja3alfh wrote
I was Audited by my State last year and they gave me $15 more back!
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