Audit Defense is available for the tax year through the extension deadline (typically October 15th).
You can purchase Audit Defense anytime before that date, whether you have already filed or not..
If you're ever assessed an IRS or state penalty or interest due to a TurboTax calculation error, we'll pay you the penalty and interest.
Our Audit Risk Meter will show you just where you stand before you file.
Of course, even with a spotless tax return, there's always a rare chance you may be randomly audited.Oct 19, 2023.
Then, when you're finished with your taxes, TurboTax double checks your return to ensure accuracy and avoid common audit triggers.
Our calculations are 100% guaranteed.
If you're ever assessed an IRS or state penalty or interest due to a TurboTax calculation error, we'll pay you the penalty and interest.Oct 19, 2023.
The easiest way to get audit defense is to purchase it when you file your taxes with TurboTax\xae.
If you missed it this year or want to get Audit Defense for past years, you can purchase memberships through our TurboTax\xae Audit Defense site..
We can tell you how to go back and remove Audit Defense from your order.
Click on the REVIEW tab, then go to the Audit Protection subtab.
Go past the Audit Risk Meter until you get to the screen below where it can be removed..
Correspondence Audits
This kind of audit is typically initiated within seven months of filing your return.
For a faster mail audit process, respond to the letter promptly with complete and accurate information pertaining to the question at hand.
If you need more time, you can request a one-time 30-day extension..
Large changes of income
Probably one of the main IRS audit triggers is a large change of income..
Who gets audited by the IRS the most? In terms of income levels, the IRS in recent years has audited taxpayers with incomes below $25,000 and above $500,000 at higher-than-average rates, according to government data..
Here are some common scenarios that may result in a repeat audit: Making the same mistake.
If you made the same error in your tax return in multiple years, you will likely be audited each of those years.
Common mistakes may include taking a deduction or credit that you were not entitled to take..
The IRS audits less than 1% of all taxpayers.
And with TurboTax you can make sure your risk is as low as it can go.
First, we'll guide you step by step, to help you avoid making mistakes while preparing your tax return..
The IRS audits less than 1% of all taxpayers.
And with TurboTax you can make sure your risk is as low as it can go.
First, we'll guide you step by step, to help you avoid making mistakes while preparing your tax return.Oct 19, 2023.
As long as you report your information accurately, you are less likely to receive an audit letter in the mail
Even if the IRS audits you, it will most likely be something as small as a math error or something minor
What’s Included in TurboTax Audit Defense?
The TurboTax Audit Support Guarantee also includes the option to connect with an experienced tax professional for free one-on-one audit guidance
For those who want even more protection, TurboTax offers Audit Defense, which provides full representation in the event of an audit, for an additional fee
Of course, TurboTax is also pricier than most other tax preparation companies, but the extra money is well worth it
Paying extra for its Audit Defense feature, not so much
The long answer is that it depends
The peace of mind of knowing that tax professionals will be there to help if there is an audit may be worth it in some cases
US tax preparation software
TurboTax is a software package for preparation of American income tax returns
Produced by Intuit.TurboTax is a market leader in its product segment
Competing with H&R Block Tax Software and TaxAct.TurboTax was developed by Michael A.Chipman of Chipsoft in 1984 and was sold to Intuit in 1993.
