Audit Insurance, also known as Audit Protection, is a service where the tax filer pays for insurance that is supposed to help them if they get audited. The reality is much different. Audit Insurance is revealed to be more of a scam than anything.
The reason Audit Insurance is a waste is that no protection is offered in reality. Companies like Tax Defense Partners really only offer a review of the situation. CPA firms that offer the service, as recommended by Canopy Tax, offer a few hours of resolution work should you be audited in the future.
See our video rundown on Audit Insurance here:
Everyone is better off without this service. If you do get audited and need help you are better of just paying for the time when it is needed. Paying monthly for something that may never happen is a waste.
Need help? If you think you could benefit from the help of a tax attorney, schedule a consultation with one of our expert tax attorneys here or call us at (888) 515-4829.
Understanding Base Erosion: The Challenge of Profit Shifting Base erosion refers to the phenomenon wherein multinational enterprises (MNEs) exploit cross-border… Read More
This article endeavors to provide an exhaustive exploration into the intricacies of foreign trusts, aiming to offer clarity for trustees,… Read More
Understanding the ins and outs of providing free meals and/or lodging to your employees can be a bit daunting, but… Read More
As state tax revenues taper off from their peak levels, there's a growing debate over the financial viability of the… Read More
Imagine a dynamic sales tax environment across the United States, where navigating sales tax regulations feels like solving a puzzle,… Read More
As we set sail into another year of navigating sales tax landscapes, there's a wave of anticipation for the exciting… Read More