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Your email address will not be published.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

Stimulus Check

These 18 States Are Sending Out Stimulus Checks Now!

4. California – Up to a $1,050 Tax Credit Approximately 23 million citizens of California…

Read More →
death taxes

13 US States With the Highest Death Taxes

4. Illinois Estate tax: Yes Estate tax rates: 0.8%-16% Estate tax exemption level: $4 million According…

Read More →
prepare early for the tax season avoid

8 Unexpected Reasons to Prepare Early for The Tax Season

4. Avoid the tax season rush If you will prepare early for the tax season…

Read More →
property taxes

Here Are 10 States With the Most Favorable Property Taxes

4. Wyoming Average House Value in 2022: $303,325 Effective Property Tax Rate in 2019: 0.51%…

Read More →
expenses to say goodbye to Kamala

American Economy if Kamala Harris Wins: A Breakdown

How will Kamala Harris change our economy, if elected? On this year’s campaign trail, Vice…

Read More →
A graph showing the comparison between a standard deduction amount and itemized deductions for a retired couple, illustrating which option results in lower taxable income.

10 Overlooked Tax Deductions for Retirees

3. Qualified Charitable Distributions (QCDs) The Qualified Charitable Distribution, or QCD, is arguably the most…

Read More →
Kamala Harris taxes

Will Kamala Harris Raise My Taxes?’ Let’s Find Out!

Vice President Kamala Harris revealed some of her ambitious proposals as part of a future…

Read More →
Tax credits, reduce, veteran, climate return

8 Legal Ways in Which You Can Reduce Your Taxes

Did you know that you could save a significant amount with these credits and tax…

Read More →
A graph showing IRS income thresholds for determining the taxability of Social Security benefits for single filers and married couples filing jointly, along with the corresponding tax percentages.

The Tax Implications of Your Social Security Benefits

Strategies to Manage Your Retirement Income and Reduce Taxes Seeing that up to 85% of…

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.