Farm Business

[Jim Meade / Iowa City]

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.