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Veteran Advisor
Jim Meade / Iowa City
Posts: 2,459
Registered: ‎04-30-2010
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How To Get Audited

[ Edited ]

Here are some tips on flags that the IRS may look for to trigger an audit.

https://www.usaa.com/inet/pages/advice_audit_proof?sf7490598=1

 

1. High incomes. 

2. Large itemized deductions

3. Home offices.

4. Missing investment income

5. Incomplete returns.

6. Business losses. 

7. Charitable deductions.

8. Medical expenses. 

 

Of course, farmers typically are involved in several or even most of them every year, so I don't know if this is all that helpful for the ag sector.

Subject Author Kudos Posted
This is a topic with new unread messages 0 ‎12-09-2012 01:47 PM
0 ‎12-09-2012 04:22 PM