12 Flags that can trigger an IRS Audit, Credit: taxprotoday

According to this taxprotoday article,the IRS audits are just .5% of tax returns and there are 12 “red flags” to look after:

  1. Misreporting or not reporting income
  2. Earning more than $200k
  3. Big changes in income
  4. Unusually high charitable deductions
  5. Unusually low salaries
  6. The wrong social security number
  7. Hobby losses
  8. Inconsistent Alimony reporting
  9. Home Office expense
  10. Overly rounded numbers
  11. Big Meals and Entertainment expenses
  12. Owning a cash business

For now, this page is simply a peg-holder, I will come back and write my opinion about each of these, but for now, check out their article:
https://www.taxprotoday.com/list/12-red-flags-that-can-trigger-an-irs-audit

Hector Garcia

Hector Garcia

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