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SARS compliance process. This does not mean that an audit has commenced. The audit will consist of a thorough . Assuming that you were totally honest when filling out your tax return , your audit can likely be. The likelihood that a taxpayer would be audited in that year was smaller for low- and middle- income filers and higher for those earning $20000 .

Also be sure that your state tax returns match your federal ones. All the forms LLCs can take mean the answer is complicated. Be careful with those tax returns, or risk an audit. Does that mean you should be carefree about filing?

But it could mean that your risk of getting audited will go up too, at least, a little bit. The Motley Fool says that increased resources at the IRS . For one thing, the return being audited is unlikely to be the one you just filed. That could mean a review of your bank records, for instance, .

Does this mean you can always get away with cheating on your taxes ? But here are things to know if you do get audited. You can be totally honest on your tax return , and diligent about filing it and paying. You may also be audited if your tax return reflects transactions with another taxpayer who is being audited.

Automatic red flags such as above . All a refund means is that the Internal Revenue Service (IRS) has reviewed your. Can you be audited even after your tax return has been accepted? You could go your entire life without ever being audited.

IRS to do your audit. It just means that your return was properly filed and accepted. Audit notices usually. That means the chances of getting audited are fairly low.

Jump to What does an auditor examine during an audit ? During an audit , the auditor may find issues and discuss them with you. So, except in very limited circumstances a refund would not be held because a return. An audit is not a bill.

If the auditee can provide proper documentation about the tax return in question, everyone goes home happy.

Each tax return is individually evaluated for an audit.