7 Red Flags For Government Audit
I'm busy finishing my taxes and looking for anything that will help me. I read that most people don't turn in their taxes till the last few days, so if you are like me and still working on them. Here's some tips.
I'm busy finishing my taxes and looking for anything that will help me. I read that most people don't turn in their taxes till the last few days, so if you are like me and still working on them. Here's some tips.
Most people think the IRS is like big brother and watches everything that comes in their way. Truth is only about 1% actually get audited. That doesn't mean you should go crazy and write off everything, but if you are filling out a schedule C, there are things the government looks for that they consider a red flag. These twelve things will get you audited fast. It's best to avoid being audited because if they catch you at something, there may be some hefty penalties.