Taxing Times: How Likely Am I To Be Audited?

The video discusses the low probability of being audited by the IRS, which is about 1% annually. It highlights the criteria that may trigger an audit, such as virtual currency and large charitable donations. The video advises not to panic if you receive a letter from the IRS, as it may be an adjustment or verification letter. It also provides a resource for more information on tax issues.

How does the IRS handle small errors in tax returns?

What is the recommended action for more information on taxes according to the text?