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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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Small businesses don t need accounting
I can handle my accounting myself I have QuickBooks
Technology is Eating Up the Accounting Profession
Business Doesn t Need an Accountant
Accounting is so easy anybody should be able to do it
internet has rendered accountants worthless
Accountants are introverted or boring
My Accountant Handles That Tax Stuff
Owners don t need to spend time accounting
I still need to calculate taxes manually
It s expensive
Accounts are for qualified accountants only
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