May 18, 2006 -- Appeal your audit from IRS and you may win!
When the IRS says you owe additional money and need to pay up, most people roll over and play dead. It seems like the right thing to do, right? Well, yes. But did you know you can fight to lower what you owe. According to the GAO, people who appeal what they owe win 40 percent of the time. Those are good odds, but most people never follow through. This becomes more important when you learn that the number of people being audited is going up about 20 percent each year. If you have a S corp the odds are even greater that youll be audited. So, take a chance. Just make sure you keep good records and take those with you when defending your case.
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