How to Handle an IRS Audit of Your Tax Return | Kiplinger

I don’t sweat it because my returns are around $7000 each year. I love the fact VA entitlements are not taxed. Let’s say if my annual take home is $50,000 a year. If VA entitlements are taxable, I would need a greater income.

In 2007, my accountant died, and the IRS chose to audit me that year. Fun times. Didn’t have much in the way off issues from the audit, but it was a pain in the rear and very expensive to hire a new accountant in the middle of all that.