Comedian Jerry Seinfeld gives us a glimpse into his own IRS tax audit on this stand-up sketch, which appears at the end of a Seinfeld episode.
He’s right: tax audits are not pleasant. Watch the video for a lighthearted take on tax audits:
While you or I can do nothing to completely remove the chance we won’t someday be audited, there are some basic things we can do to make the process less painful, and less costly.
A basic tip, that many folks ignore, is to keep very good records to document any business expenses or home deductions.
What do I mean by “good” records? I mean that they should be complete and well organized. While this may sound simple, it actually takes real effort. This is a task none of us want to do, but it’s best if we do it anyway.
This is another one of the “joys” of being a taxpayer. Thanks IRS!
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Tags: audit, IRS, irs audits, tax audit, taxes
