Tax Loophole - Dont Provide The Info They Want

You do not have to produce information just because an IRS auditor requests it. In the majority of cases, not responding to an auditor?s request for information will simply result in the disallowance of the deduction to which the information relates and nothing worse than that.

Strategy: It can be the better part of valor to accept the loss of a deduction by not providing requested information that might point the auditor to other trouble areas on your return.