Worried About Getting Audited? Here Are Red Flags for the IRS. | Barron's

2022-04-22 21:52:11 By : Ms. Echo Han

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https://www.barrons.com/articles/irs-tax-audit-red-flags-51648150433

Even though the Internal Revenue Service is auditing fewer taxpayers these days, you still don’t want to put a target on your back.

Among those more likely to get audited: Small-business owners with lots of cash; landlords who persistently claim losses on rental properties; wealthy people who try complex tax maneuvers; and working-class taxpayers who claim the earned-income tax credit.

Even though the Internal Revenue Service is auditing fewer taxpayers these days, you still don’t want to put a target on your back.

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