Do you really need audit insurance?

If you prepare and file your own tax returns using one of the popular tax preparation software programs, you have probably been offered their audit insurance. This insurance costs an additional fee and offers a variety of services related to IRS audits. However, do you really need audit insurance if you file a simple, straight-forward tax return? Triggers for audits can include business income, missing information and high income.

For more information on what triggers an IRS audit read, “Should you worry about being audited?”

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