How to avoid being audited refers to the strategies and actions taken by individuals and businesses to reduce the likelihood of undergoing an audit by a tax authority. Audits involve the examination of financial records and supporting documents to ensure compliance with tax laws and regulations.
Avoiding audits can provide numerous benefits, including saving time and resources, avoiding potential penalties and interest charges, and maintaining a with tax authorities. Understanding the factors that trigger audits and implementing proactive measures can significantly reduce the chances of being selected.