Lynda ArtesaniLegal Accountant and Data Migration Specialist at The Proper Trust

The Power of Self Reporting - It's Not as Scary as You Think

8 Apr 2025 · 0 min

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0:25

In this brief advisory segment, the speaker encourages self‑reporting as a proactive step that signals a genuine interest in correcting issues, thereby reducing the fear often associated with audits. He highlights that record‑keeping rules vary by state—some require copies of checks (front and back) while others, like Florida, do not—emphasizing the importance of understanding these nuances. By mastering these practical details and employing specific tools, individuals can better position themselves to avoid triggering an audit.

But if you self-report, that shows us that you really have an interest in fixing this. So it's not as scary as you're making it out to be. The other thing, some states require that you keep copies of the checks that you write, front and back. Other states don't require— Florida. Other states don't require that. So know all the nuts and bolts and use that in a way to avoid the audit. These are some tools you can use to avoid the audit.