10 Reasons Your Tax Return Could Be Audited презентация

claims for major tax deductions such as
Charitable donations
Medical expenses
State income taxes
If yours are significantly higher than average, it could be a red flag

of their income to charitable organizations
So, if you earn $100,000 and donate $3,000, it would be considered “normal”
However, if you earn $100,000 and claim a $15,000 charitable deduction, it may raise some eyebrows at the IRS

IRS may take a closer look at your return
This is one of the most often-abused deductions of all, since the definition of a “home office” is very specific

Source: flickr user THOR

rooms) in your home must be used exclusively for your business
A computer cart in your living room doesn’t count
And, an office that doubles as a guest bedroom also doesn’t count

assumes your goal is to make money (makes sense, right?)
So, if you report business losses year after year, the IRS might take a closer look

than those of low- to moderate-income
And, those who earn very high incomes tend to get audited the most

source: 401kcalculator.org via flickr

than $200,000 per year and don’t run a small business get audited
However, those who earn between $200,000 and $1 million have a 3.2% chance of an audit
And, those who earn $1 million or more get audited more than 12% of the time!

risk of audit, so are people who have no income.
According to IRS data, more than 3.4% of taxpayers with no adjusted gross income (AGI) were audited in a recent tax year

Source: 401kcalculator.org via flickr

W-2 or 1099 form, so does the IRS
If the income you report doesn’t match the IRS’s records, it is good cause for an audit

Source: 401kcalculator.org via flickr

meals, and entertainment expenses, it could catch the attention of the IRS
Make sure you can document all of these expenses

Source: flickr user Nicole Tarazona

professional to do your taxes, make sure they are a reputable and experienced preparer
Legally, you are liable for the information contained in your return, even if a tax professional filed it for you

Source: 401kcalculator.org via flickr

tax return, it can raise a red flag

Source: 401kcalculator.org via flickr

number
Misspelling your name or other identifying information
Adding or subtracting numbers incorrectly
Entering numbers wrong (ex. 1000 instead of 10.00)

people who claim that the income tax is illegal or unconstitutional, and refuse to pay
Even if you feel this way, you are still legally responsible for paying your income taxes…or you could go to jail