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Warning: 9 Reasons The IRS Can Audit You Anytime

August 3, 2022 · Taxes
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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.

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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
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