It might be premature to breathe a sigh of relief after filing your inheritance tax return.
The tax authorities are scrutinizing your declaration closely.
If they determine there’s an undeclared asset, a calculation error, or even intentionally hidden assets, you can expect a tax audit.
And let’s be clear, this isn’t something that only happens to other people.
In fact, tax audits are conducted on over 10% of taxable inheritances, and more than 80% of those cases result in additional tax assessments.
How much do you really know about the daunting nature of these tax audits?
And what should you do if one happens to you?
We’re about to delve into the little-known realities of tax audits and discuss strategies to protect your assets.
