Should You Pay For Audit Protection

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.