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.