As an individual or business taxpayer, you could receive up to 150 different penalties after an IRS audit.
The most common IRS audit penalties relate to errors on your tax returns, failure to file your return, and not paying your taxes.
While most cases result in civil penalties, others can result in criminal charges, substantial fines, and prison sentences.
If you're one of the many individual or business taxpayers that the Internal Revenue Service (IRS) audits every year, there's a good chance that you'll end up with an even bigger tax bill. Since the IRS can levy over 150 different penalties, most audits result in penalties, no matter how carefully you completed your tax return.
Before you start worrying ...