2023-01-24 18:55:19

As hit film Everything Everywhere All At Once racks up Oscar nods, heres what really happens in an IRS audit,...

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CNBC
By Kate Dore

Key Points

  • Tax experts say IRS exams may be different than how they're portrayed in the movies.
  • While the Oscar-nominated film "Everything Everywhere All at Once" includes an in-person IRS audit, many happen by mail or remotely, experts say.
  • If your tax return is accurate and you have supporting documents, theres really no reason to worry, said Michael Prinzo, managing principal of tax at CliftonLarsonAllen.

Michelle Yeoh in "Everything Everywhere All at Once."

Source: imdb

Few things are more frightening for everyday taxpayers than a possible IRS audit. But experts say tax exams may be different than what's portrayed in the movies.

In the Oscar-nominated film "Everything Everywhere All at Once," a Chinese-American couple (played by Michelle Yeoh and Ke Huy Quan) with a failing laundromat face a tax audit, meeting a scrupulous agent (played by Jamie Lee Curtis) at an IRS office to review stacks of business receipts.

While Yeoh's character jumps between parallel universes throughout the film, the tax audit is a recurring theme, peaking when Curtis comes to the laundromat to seize the couple's property after a missed appointment.

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