NextPrevious

Taxes

Irs Audits

What are some audit red flags?

Some actions that may trigger an audit include: making math errors on your tax forms, not including all of your income earned during a year, reporting a small business loss for the year, large charitable gifts outside of the average without supporting IRS form and receipts, home office deductions, excessive deductions as a percentage of your income, excessive medical expenses, and undocumented business use of your car.



Close

This is a web preview of the "The Handy Personal Finance Answer Book" app. Many features only work on your mobile device. If you like what you see, we hope you will consider buying. Get the App