Originally Posted by
Jesse
Thanks for sharing that. I hope that's the case for most of those who use those services. Man, I don't envy you having to get a letter like that, even if it worked out pretty well in the end.
The standard audit letter from the IRS usually has a HUGE sum owed. The highest I've received is $115K owed with the usual amount being arount $40k. It is a collection agency type of tactic. If you have all receipts and use every possible gray area, you have nothing to fear. An audit is simply a receipt check - making sure you have documentation for your claims.