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Item Title: IRS Doing More Audits: Reduce Your Chances
Summary:
Audits of certain types of taxpayers increased last year, according to data released by the IRS. Here are the latest audit targets, as well as eight red flags that have been known to catch the attention of the IRS. While there's no way to guarantee your tax return won't be examined, it helps to know what items are likely to draw closer scrutiny from the IRS.
Comments:
Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.