Audit Misconception #5

"So what if I'm audited, I'll just pay them when I can."

Don't count on it. As I have already explained, the Collection Division has no leniency policy for those who have been audited. You'll be expected to pay according to your ability to pay, and the revenue officer determines what your ability is, not you. Remember also that you will have to pay interest on the additional taxes, and penalties if you don't pay in full within ten days of the first notice.

Next Section: Exhibit 0-1 How Classifiers Identify Issues on Nonbusiness and Tax Returns

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© 1986, 1998 to 2002, Jack Warren Wade, Jr.