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Your email address will not be published.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.

Latest Posts

  • 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!
  • social security, income 7 Social Security Benefits That Will Change SOON

Related Articles

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 →
Tax credits, reduce, veteran, climate return

Here Are 10 Tax Credits You May Qualify For

While all tax software are a shortcut through which you can find any eligible tax…

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 →
income tax, change

These 9 States Have No Income Tax

Everyone wants to have their tax rates reduced. But this isn’t as impossible as some…

Read More →
tax deductions, save

Top 9 Most Hassle-Free Deductions on Taxes

Student loan interest that’s been paid by your or someone else Back in the day,…

Read More →
stimulus check

2023: Will You Get a Stimulus Check? Let’s Find Out!

Anyhow, in some cases, governments are required to give citizens extra money instead of putting…

Read More →
check, tax your social security

You’re Free! These 5 States Won’t Tax Your Social Security

4. Indiana As opposed to some of the other states on our list, the Hoosier…

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 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 →
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

© 2025 The Money Place. All rights reserved.