The key facts about income tax audit are that missing key forms could flag a taxpayer’s return for audit. According to a CNBC article, a bigger tax refund may be coming, but this could be affected if the necessary forms are not submitted. The article does not specify which key forms are required to avoid an audit.
Taxpayers should be aware that a tax refund may be delayed or even flagged for audit if the necessary forms are missing. The article does not provide information on the specific consequences of a flagged return or the process for resolving an audit.
It is essential for taxpayers to ensure they have all the necessary forms and documentation before submitting their tax return to avoid any potential issues. The article does not provide a list of the required forms or documentation.
In summary, missing key forms could lead to a tax return being flagged for audit, potentially delaying or affecting the refund. However, the specific forms required are not specified in the article.