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People who file electronically are more likely to be audited

Myth about Accounting

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People who file electronically are more likely to be audited

The majority of returns are now filed electronically. Pretty soon, e filing will probably be mandatory, so people have naturally begun to worry about the new system being more prone to audits. Yet, the IRS audit rate remains steady at less than 2% of all returns. The main audit triggers are the same as always, things like filing late, high self employment income and math errors.


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It s expensive
Accounting software is simple
Accounting is so easy anybody should be able to do it
I pay business expenses out of my own pocket It s really no big deal
Accounting is only important at tax time
Owners don t need to spend time accounting
Technology is Eating Up the Accounting Profession
I still need to calculate taxes manually
Business Doesn t Need an Accountant
Accountants are introverted or boring
I need to spend time to learn Accounting Software
Accounting is for Men only
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