Make money work for you!

  • Home
  • Personal Finance
  • Budgeting
  • Shopping
  • Taxes

Warning: 9 Reasons The IRS Can Audit You Anytime

August 3, 2022 · Taxes
IRS
Photo by nukeaf From Shutterstock

5. Overstating deductions or disproportionately high deductions

Don’t get me wrong, donating to charity is a noble thing. That’s why you shouldn’t overthink it because every time you make a big donation, keep a receipt as proof in case the IRS has something to say about it. If you have a small business, make sure all your profit is clean and up to date. If you have had a lot of expenses in the past few years, make sure you have all the receipts.

In recent times, a lot of the rules for home office deductions have been renewed, and the rules are simpler. But that doesn’t mean you won’t be called in for an audit.

The IRS tends to believe that home offices are scams. And you won’t be able to deduct it if you use it for living as well.

Pages: 1 2 3 4 5 6 7 8 9

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

1 comment on “Warning: 9 Reasons The IRS Can Audit You Anytime”

  1. Francis Icaza says:
    September 13, 2023 at 5:36 pm

    Curious

    Reply
Se încarcă comentarii...

Nu mai există comentarii de afișat.

Search

Latest Posts

  • IRS refund Tax Refund Alert: Americans May See a $1,000 Increase in 2026
  • Are You a Homeowner? Here Are 5 Trump Tax Bill Changes That Could Affect You
  • social security The 2026 Schedule of Social Security Offices - What You Need to Know
  • snap Amazon Refund: How Much You Could Receive
  • amazon prime, money Here's How to Get Your Refund From Amazon's $2.5B FTC Settlement
  • social security, Social Security task Who Will Receive Social Security Payments on February 11, 18, and 25?
  • Holiday Scam 10 Holiday Tax Scams That Turn Your Ho-Ho-Ho Into Oh-No!
  • 5 Costco Products That Cost More Due to Trump's Tariffs
  • protect your wallet from inflation 6 Bills That Changed After Trump Returned to Office
  • Amazon Are You Eligible For a Refund From Amazon? Find Out Here!

Newsletter

Get money-saving tips and personal finance advice delivered to your inbox.

Related Articles

tax season, save

8 Tax Season Preparation Steps (2023)

4. Round Up Your Receipts The receipts you’ll have to provide depend on whether you…

Read More →
tax tricks

8 Tax Tricks Rich People Use—and They Work!

Learn the tax tricks that might help you save money, just like the wealthy! For…

Read More →
tax breaks for retirees

Over 65? Check Out These 5 Tax Breaks!

If you want to save some money, you need to know that there are many…

Read More →
tax breaks for homeowners

7 Tax Breaks for Homeowners and Home Buyers

Owning a home is a key part of the American Dream. Whether you fancy a…

Read More →
taxes, income stealth, check

8 Surprising Things You Must Pay Taxes For

Found a Hidden Fortune? Prep Yourself to Pay Taxes on It! We already know that…

Read More →
Tax

5 Tax-Efficient Ways to Share Wealth with Kids

Have you thought about how your taxes could affect your child’s financial future? Parents and…

Read More →
tax burdens stealth return

7 States With Largest Tax Burdens for Middle-Class Families

Which states have the biggest tax burden for the middle class? If you made the…

Read More →
taxes

10 Unbelievable Things Your Taxes Are Paying For

4. Determine Whether Playing with Barbie Dolls Improves Face Recognition In 2016, researchers at the…

Read More →
companies credit card

15 Companies That Will Take Care of Your Student Loans

These 15 Companies Will Pay Your Student Loans: The problem with student loan debt is…

Read More →
The Money Place

Make money work for you!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Explore

  • Subscribe
  • Unsubscribe
  • Newsletter
  • Terms and Conditions
  • Do not sell my personal information
  • Privacy Policy
  • Contact

Categories

  • Budgeting
  • Personal Finance
  • Shopping
  • Taxes

© 2026 The Money Place. All rights reserved.