Wednesday June 1. 2022 – IRS Audits are called “Examinations.” And the IRS conducted 243,715 individual examinations in 2019. While the numbers have dropped – that is still a lot of audits.
The Chrisley Tax Evasion Trial is good example of what not to do. Taxpayer’s should be aware that an examination can turn into a criminal investigation. So, you should never lie to an IRS employee. Also, don’t engage in evasive or obstructionist behavior during an IRS audit. That can get you in trouble.
Attorney Steven A. Leahy reviews the Chrisley case and then looks at the IRS Examination numbers recently released in the 2021 Internal Revenue Service Data Book on Today’s Tax Talk.