Tag: What Triggers a Tax Audit

Understanding what triggers a tax audit will help keep your return on Uncle Sam’s good side this year. Do you know what triggers a tax audit? While most every tax-paying citizen knows what an audit is, very few are aware of the red flags they should avoid. However, the last thing you want to find in your mailbox is a personal letter from the IRS. Luckily for you, there are ways you can avoid catching the government’s attention. Here are…

Understanding what triggers a tax audit can help you defend yourself, well before the tax forms are even filed. Here’s what you need to know. As with most things related to the complicated tax code, figuring out what triggers a tax audit can seem like an exercise in futility. The good news is that audit letters go out to only a tiny fraction of individuals and businesses each year. The bad news is that sometimes the target of that audit…