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Audit Triggers For LLC Business Owners To Avoid

Below, I’ll share several actions LLC business owners make that I’ve seen commonly trigger an audit and discuss how to avoid these red flags. Most people may think these are uncommon, but I ... Read More
Top-10 IRS Audit Triggers - Small Business

Top-10 IRS Audit Triggers. The chances of the IRS auditing your taxes are somewhat low. About 1 percent of taxpayers are audited, according to data furnished by the IRS. Read More
Tax Audit Triggers And Tips On How To Avoid Them - Forbes

Based on my experience as a tax professional, here are the top audit triggers I see and how you can avoid them. Unreported Income The No. 1 thing I’ve seen cause audits is unreported income. Read More
Know the triggers, avoid an IRS audit – Chicago Tribune

Tax season is upon us, with most Americans putting together the materials they need to file their returns, gathering receipts and searching for other tax deductions to maximize the amount they get … ... Read More
Seven Common Audit Triggers and Ways to Avoid Them - AOL

Business News. Estate & Retirement Planning. Loans & Mortgages. Main Menu. Health. Health. ... Seven Common Audit Triggers and Ways to Avoid Them. Kelly Phillips Erb. Updated July 14, 2016 at 9:14 PM. Read More
Here's How To Help Your Client Avoid An IRS Audit

Other audit triggers may be high self-employment income, missed RMDs, suspicious business expenses, failing to report foreign accounts and self-dealing for private foundations,” he said. Read More
Avoid these 4 red flags that could trigger an IRS audit this tax season - Business Insider

Luckily, a little bit of extra precaution can go a long way in preventing an IRS letter. Below, Weisberg shared the top 4 mistakes that could trigger an IRS audit and how to avoid them. Read More
8 tips for avoiding an IRS audit - The Denver Post

Every year the IRS sends notices to thousands of taxpayers informing them they have been selected for an audit. Follow these eight tips to lessen the chance you'll be flagged for an audit. Read More
Avoid These Tax Return Errors That Trigger An IRS Audit

Special Situations: Also, certain situations, such as not reporting some gains on the sale of a home when business-use-of-home deductions were claimed on past returns will trigger an IRS flag. Read More
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