Scared of being audited by the Internal Revenue Service or your state taxing authority? That’s what they want! They hope the fear of an audit will keep you honest. And although the average taxpayer has a very low chance of getting audited, the potential is always there.
So people are often wondering about some of the most common audit red flags. Well, the IRS is smart. They know that if they told everyone what the red flags are, taxpayers would all avoid those items and cheat elsewhere.
Fortunately, your trusty tax preparers have noticed some of the more common audit issues: