Audit Shield

[Janitor Bob]

I have seen ATX reference a form titled Audit Shield....What is this?

[HV Ken]

There was information on this that came with your install disk.

With Audit Shield, your clients can purchase an extended, three year warranty on their qualified returns for only $24.95.

Audit Shield provides reimbursement of up to a total of $2,500 for any penalties, interest or additional taxes assessed by the IRS.

Audit Shield is only available to taxpayers receiving a bank product.

[Janitor Bob]

There was information on this that came with your install disk.

With Audit Shield, your clients can purchase an extended, three year warranty on their qualified returns for only $24.95.

Audit Shield provides reimbursement of up to a total of $2,500 for any penalties, interest or additional taxes assessed by the IRS.

Audit Shield is only available to taxpayers receiving a bank product.

Thanks...I do not offer bank products, so did not pay attention to this.

[Slappy Tax]

I read somewhere that the IRS wants to ban such tactics on the basis that it induces a taxpayer and/or preparer to cheat on a return since they have audit protection anyway. I know there must be a whole lot more to it than that, but that's the broadbrush summary.