What’s the Real Impact of IRS Audits?

Blue audit button on keyboardThree types, including one that some taxpayers don’t recognize as an audit.

By CPA Trendlines Research

According to Harper’s Magazine, more than half of all Americans would rather be mugged than audited by the IRS. And many Americans don’t see much of a difference between the two events.

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And that’s a problem. Because fear and loathing are not conducive to voluntary compliance.