Worried about the possibility of a tax audit? The odds are low: during the past few years, less than two percent of all tax returns were audited by the Internal Revenue Service (IRS).
Your chances of being audited depend on:
Your odds are higher if:
It's especially important to keep good records, such as:
It's also a good idea to consult with a tax attorney now to learn what more you can do to protect yourself should you be audited in the future.