If you are audited, the IRS wants to see printed proof and, often times, original documents, for example receipts from expenses or contributions. |
If you're even somewhat organized, you've probably been amassing a small pile of information related to taxes over the last few months. |
The machine moves slowly, but the IRS has more funds and is increasing its enforcement activity. |
The tax code now is filled with regulations that not only adjust for inflation but phase in or phase out at different points, making tax planning impossible unless you have a clear road map of the rules and understand them. |
They have been renewed year to year, but Congress is running late. |