I wrote a couple of posts on some common IRS audit red flags shortly after tax season ended and never finished the list. So here are a few more items that might cause the IRS to want to look at your tax returns a little more closely.
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 …
As tax day nears…. taxpayers around the country are in a panic. Some because they’re not ready for April 15. Others because they’re deathly afraid of being audited. Here are some common audit red flags to ponder. The IRS purposely doesn’t definitively say what things make you more likely to …
Yes and no. Great accountant answer, huh? The truth is that the Internal Revenue Service has some special red flags in place that help flag your tax return for an audit. Those super-secret red flags are revealed to no one. Apparently the IRS system takes your tax return data, runs …
