The Iceman Cometh: The Do’s & Don’ts Of Surviving A Tax Audit
- By
Tanvier Peart
Do take action
If the conclusion of your audit reveals you owe or have a “balance due,” pay up sooner than later. Unless you’re certain they’re wrong–and can provide proof–there’s no need to delay the inevitable. Don’t forget, what you owe will more than likely have penalties and interest attached to it. The longer you wait to pay it, the more of a hole you’ll create for yourself.
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