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Should You Pay For Audit Protection
26th February 2024 • The College Investor Audio Show • The College Investor
00:00:00 00:07:39

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Audit protection is a service most tax preparation companies advertise as an upsell to help you if you get a notice from the IRS. 

These services can involve responding to IRS letters, representing you when speaking with the IRS, or even reimbursing you if the tax prep company made a mistake.

Personally, I put my extra money towards bookkeeping software. I think that’s the better use of the dollar.

However, the peace of mind factor may ultimately push you towards buying audit protection. In that case, I recommend being as smart as possible. Or use H&R Block software to get the most protection for the least cost.

Should you (or I) pay for audit protection for your taxes. You may be surprised that in most cases, I think the answer is no.

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