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March 18, 2010

Some Common IRS Flags For Audits

Filed under: Miscellaneous,news — admin @ 5:44 am

Any taxpayer will be happy to know what will catch the attention of the IRS enough for them to subject you to an audit. Over the years, tax returns are mostly processed by computerized systems. The general idea is that the programs simply detect anything that is considered ‘out of the ordinary’, and when each tax return is compared to the statistical average, or what is considered normal when the group is examined as a whole, it treats that difference as a flag. This flag increases the chances that such particular tax record will be audited.

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