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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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