The 2023 VITA Program
The VITA program has been helping individuals with their tax returns for several years.
However, the question that often comes up is whether or not the VITA program can reduce the chances of an IRS audit. According to a published article in Marca, while there is no guaranteed way to prevent an audit, the VITA program can provide several benefits that may reduce the risk of an audit.
How VITA Program Help You Avoid an IRS Audit
One of the most important benefits of the VITA program is that it helps individuals file their tax returns accurately and on time. The VITA program is staffed by trained volunteers who understand the tax code and can provide free tax return preparation assistance to individuals who make $60,000 or less per year. By helping individuals file their returns correctly and on time, the VITA program can reduce the likelihood of an audit.
READ ALSO: Free Professional Tax Assistance by VITA – Here’s How To Avail
Additionally, the VITA program provides tax counseling for the elderly. This service is specifically designed to help older adults navigate the tax code and ensure that they are filing their returns accurately. By doing so, older adults can reduce their risk of an audit.
Another benefit of the VITA program is that it can help individuals claim proper exemptions and deductions. By doing so, individuals can reduce their tax liability and increase their chances of being compliant with the tax code. This, in turn, can reduce the likelihood of an audit.
Finally, the VITA program can help individuals document their tax returns correctly. By doing so, individuals can ensure that they have a record of their tax filings and can provide documentation to the IRS if needed. This can reduce the risk of an audit by providing the IRS with the necessary documentation to support an individual’s tax filing.
In conclusion, while there is no guaranteed way to prevent an IRS audit, the VITA program can provide several benefits that may reduce the likelihood of an audit. By providing free tax return preparation assistance, tax counseling for the elderly, help with exemptions and deductions, and documentation support, the VITA program can help individuals file their tax returns accurately and on time, reducing the risk of an audit.
READ ALSO: Tax Return Help for Low-Income Earners: Check If You Can Avail!