5 Reasons the IRS Will Audit You

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Here are some points to note that could lead you to an IRS audit

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Never try to report any small or sideways income sources.

Hiding/Failing to report some income

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Always double-check your calculations. If you don’t add a single zero, you may be subject to an IRS audit.

Math errors

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Report the donation only if you have the proper documentation of proof. Do not report false donations that you cannot prove.

False Charitable donations

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Your calculations must be accurate. You can round to the nearest dollar but not a hundred. For example $250.88 rounds to $251, not to $300

Nice and Neat Numbers

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The business expense deduction is eligible only if the expense is a business necessity.

Deducting false business expenses

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You don’t have to worry about an IRS audit if you submitted the correct information.

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