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A review of a tax return conducted by the Internal Revenue Service that focuses on your reported income and deductions in order to determine whether you paid the correct amount in taxes.
An audit can result in either an additional tax liability or, rarely, a tax refund.
It can be tempting to fudge the numbers a bit on your tax return, but the reward certainly isn't worth the risk. The IRS is a sophisticated and dogged organization, so the chances are high that you'll be caught and assessed monetary and/or legal punishments. If you are unable to pay your full tax obligation, you should still make sure to file a return as well as contact the IRS to attempt to establish a payment plan or apply for an offer in compromise.