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This is the funniest part about auditing is all of the myths, and I love being a MythBuster in this area. All the myths of, well, if I file late, I’m gonna get audited. I have been doing continuing education for 20 years on auditing, and that is never the reason someone gets audited. Audits are caused for a variety of reasons.

One, information systems. Let’s say I reported on my tax return two W2s, but the IRS really got three W2s for me. That’s an information system. The IRS is looking to match the information they received from financial institutions against the information you reported.