Audit Insurance, aka Audit Protection: A Waste Of Your Money
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 and Audit Insurance is revealed to be more of a waste of money than anything.
You are much better just paying for audit help if you need it. Odds are most people will go their entire life without an audit.
According to 2017 stats, someone has a 1 in 80 chance of getting audited if they make over $200,000. So even high income earners would not benefit from Audit Insurance.
This is another nickel and dime fee brought to you by tax relief companies. See our page on Audit Insurance / Protection here:
https://trp.tax/audit-insurance/
Need help with an audit or tax debt? Get a free consultation with an expert tax attorney, call us at (888) 515-4829 or go to our contact page:
Free tax help guide:
Submit your own Offer In Compromise!
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