taxes
 

 taxes







 

Question by  DorisMclellan (21)

What do you pay in an IRS audit?

 
+6

Answer by  Kristine (145)

You do not pay any expenses in a IRS audit. If your audit results in you owing you might have to pay interest and penalties

 
+6

Answer by  OldMrGoober (40)

If an IRS audit determines that there is a deficiency in the amount of taxes paid, you will be required to pay all back taxes owed. In addition, you may be accessed penalties for underpayment of taxes. You will also be required to pay interest on the taxes and penalty amounts owed.

 
+5

Answer by  flamiss22 (5081)

It all depends on several factors. They will look to see if you are delinquent in back taxes, did you fail to file or deliberately try to hide income. It also depends on what year the audit is starting from. In any case if found liable you will have to pay the back taxes and all penalties associated with it.

 
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