5 Tax Audit Myths You Can't Afford to Believe

Taxes are due in less than two weeks, which means that if you haven't yet taken the time to tackle your return, you'd better get moving. Though you won't be penalized for being late with your taxes if the IRS owes you money, if the opposite holds true, you'll face strict penalties for missing the July 15 deadline. But stressful as that may be, here's something else you may be concerned about: getting audited.

Many filers worry about having their tax returns scrutinized, but a lot of that fear boils down to misinformation. In fact, here are a few tax audit myths it pays to get to the bottom of.

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Source Fool.com