Why Every Taxpayer Should Prepare for an Audit in Advance

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Even if you never get audited, preparing as if you might is one of the best financial habits you can develop. Here’s why:

1. Avoid Stress and Delays
   Having your records organized now means you won’t scramble later if the IRS requests documentation.

2. Ensure Accuracy
   Keeping detailed records helps you file correct returns, avoid errors, and catch issues before they become problems.

3. Save Time and Money
   Preparation prevents costly mistakes, reduces the need for last-minute help, and can minimize potential penalties.

4. Show Responsibility
   Well-documented files demonstrate that you take your tax obligations seriously—making audits faster and smoother.

5. Protect Your Deductions
   Proper documentation helps you keep every deduction you’re entitled to, from charitable donations to business expenses.

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