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I've been audited twice ...
My former accountant screwed up on a minor thing ... (Needless to say I fired him) ... and it prompted the audit ...
I had good documentation to support my deductions ... so the audits went relatively smoothly ...
I think I had to pay maybe an extra $100 each time ... (They always want to make you pay something no matter how clean you are)
BUT WHAT A FREAKING HASSLE !!!!!!
Believe me. Even if you're totally clean ... you don't want to risk getting on the IRS hit list!
Once they flag you ... even if the first audit is clean ... they'll audit you every year and bury you with paperwork and hassles !!!!!!!
And, of course, with what you're talking about ... they'll nail you to the wall ... With triple damages, penalties and interest for whatever tax money you scammed ...
Make no mistake ... even it's only a one percent chance ... Definitely NOT worth it!
Of course ... Canada doesn't have the IRS ... so it may be different ...
But after what I've been through, I'd never want to risk even minor problems with any tax authority.
[This message has been edited by erotictrance (edited 01-10-2002).]
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