Maintaining records in order to substantiate your expenses is highly recommended in the event of an audit. There is no substitute for good recordkeeping when it comes to defending yourself during an audit.
When filing your personal return, NexGen Taxes gives you the option of purchasing audit protection. With NexGen Taxes audit protection, IRS or state representation is offered by NexGen Taxes Pros, free of any additional charges for 3 years after filing, so long as the audit does not arise from your willful or fraudulent omission or inclusion of information on your tax return.
Currently, we don’t currently offer audit protection for business returns filed using the NexGen Taxes platform. Please make sure to review your return to assure all relevant information is captured.
If you have any questions, don’t hesitate to ask your Tax Pro.