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Every taxpayer will be audited by the tax authority at one time or other. Therefore, it is crucial to prepare for the tax audits. This will safe time and money for the taxpayer.
Preparing for a tax audit is important because the preparations form a crucial part of any audit outcome. This information product has the 5 most important steps a taxpayer, a tax professional, or a tax student can take to prepare for a tax audit. Adequate preparation will ensure that the tax audit will begin on time and flow. This is beneficial for the taxpayer and the tax commissioner.
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