What is the best course of action if a mistake is found after the tax return has been submitted to the IRS?
a) File an amended tax return to show the change, and pay any difference in tax due, interest, and penalty because of the error.
b) Ignore the issue and hope it goes unnoticed.
c) Hire an audit firm to audit the books for fraud.
d) Make note of the issue and correct it in the next year's tax return.