In this episode, I'm breaking down the fears and myths around IRS audits. I compare getting audited to getting pulled over—it feels intimidating, but it's usually not as bad as you think. I'll walk you through what really happens during an audit, how to prepare, and why good bookkeeping is your best defense. I'm also setting the record straight on that rumor about the IRS hiring 80,000 new agents. By the end, you'll feel more confident and a lot less anxious about the idea of an audit.

What you'll hear in this episode:

[00:45] The Fear of IRS Audits

[02:00] Understanding the Audit Process

[09:35] The Role of IRS Agents

[11:00] Debunking Myths About IRS Agents

If you like this episode, check out:

Essential W-9 Practices for Compliance

Why The Rich Pay No Taxes and You Feel Left Out

Don't Speed If You Can't Afford a Ticket

Learn more about our CFO firm and services: https://www.keepwhatyouearn.com/

Connect with Shannon: https://www.linkedin.com/in/shannonweinstein

Watch full episodes: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

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The information contained in this podcast is intended for educational purposes only and is not individual tax advice. We love enthusiastic action, but please consult a qualified professional before implementing anything you learn.