AccuTax has yet to see an audit as a result of our tax amendment process. The IRS states that it is commonplace to amend returns and that it does not raise a red flag for a possible audit. The IRS has 3 years to review your returns.
The average tax preparer spends less than 45 minutes preparing a return. They can only charge you so much due to the vast amount of tax preparation competition. Additionally, the average tax preparer handles 480 tax returns in a 2½-month window known as tax season. Nearly 60% of all returns are prepared in the last month, prior to April 15th, because Americans typically procrastinate on getting their taxes completed. This puts great stress on tax preparers. Mistakes can be made, deductions may not have been taken advantage of. The result can be a “rough draft” that goes to the IRS!
- 2.2 million people amended returns in 2000.
- 3.3 million people amended returns in 2001.*
- 3.7 million people amended returns in 2002.
- Over 4 million people amended returns in 2003.
* March 15, 2002 USA Today
US News and World Report – August 6, 2001:
“Amended returns do not increase your chance of an IRS
tax audit. There are no red flags only green lights!”
Investors Business Daily – May 11, 2001:
“The article stated that some worry that amending your return
triggers an IRS audit. The IRS itself states, “ This simply isn’t so.”
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