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Tuesday, May 10, 2011

IRS Audit Red Flags: The Dirty Dozen

Our clients often ask us how they can best avoid an audit. Audits can be stressful, time consuming, and altogether inconvenient. The best advice we can give is to 1) tell the truth, and 2) keep REALLY good records of all of your deductions.

There are specific items IRS agents look for when examining a taxpayer’s returns. A recent article from Kiplinger outlines the “IRS Audit Red Flags: The Dirty Dozen.”