If you think just because you don’t obviously cheat on your federal tax return you’re safe from IRS scrutiny, think again. There’s more to avoiding unwanted IRS attention than simply steering clear of risky filing strategies.
The fact is, some IRS audit red flags are inescapable. There’s no advice or tactic you can use to dodge them. The best you can do is be well prepared to defend your position if questions arise, and keep proper documentation.
Share your e-mail address below to download this free Special Report. You’ll discover not only which audit red flags you should avoid entirely, and how -- but also how to prepare and proceed when you’ve done everything above board and still get a call from the IRS.
From just $107.88 $24.99 for Kiplinger Personal Finance
Be a smarter, better informed investor.
Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
-
I'm 54 with a $320,000 IRA and will soon be self-employed, earning about $120,000 per year. How much should I be saving for retirement?We asked financial experts for advice.
-
This High-Performance Investment Vehicle Can Pump Up WealthLeave online real estate investing to the beginners. Accredited investors who want real growth need the wealth-building potential of Delaware statutory trusts.
