Do the complexities of the tax code leave your head spinning and wondering how you'll ever get it right? You're not alone - taxes are a source of stress and anxiety for millions. But there is hope. In this episode of the Ask Ralph podcast, host Ralph Estep Jr. will help you learn practical steps to minimize your audit risk and finally find tax peace of mind. He will tackle the time limit IRS audits have, what records you need to keep, and how you can confidently prepare for an audit. Tune in to get the insider knowledge you need to handle the IRS easily.
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00:00 Episode Overview
00:42 Show Announcements
01:25 Bible Verse
01:58 Understand Irs Audit Time Limits
02:49 Exception 1: Substantial Understatement Of Income
03:31 Exception 2: Fraud Or Intentional Misrepresentation
04:05 Exception 3: Unfiled Tax Return
04:52 Minimize Your Audit Risk
05:23 Step 1: File On Time Every Time
05:59 Step 2: Double Check Your Work
06:42 Step 3: Keep a Meticulous Record
07:03 Step 4: Don't Be Afraid To Seek Professional Help
07:48 Episode Recap
08:21 Outro
