Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Sunday, May 4, 2014

15 Things That Make You a Target for an IRS Audit

AuditThere can be a fine line between not paying too much in taxes and setting yourself up for an audit. There are 15 situations that may make an audit more likely, which include:

  1. Having a large amount of wealth
  2. Not revealing offshore accounts
  3. Being a tax protestor
  4. Claiming large donations to charities
  5. Not including all income
  6. A home-based business losing profits multiple years in a row
  7. Claiming income loss for hobbies
  8. Not choosing a tax preparer wisely
  9. Having large business expense write-offs as an employee
  10. Having too clean deduction numbers
  11. Making errors when adding the numbers
  12. Bragging about your low taxes
  13. Making a potential whistle-blower angry
  14. Leaving blanks on the forms or other clerical mistakes
  15. Filing late or not filing

See, 15 Ways to Invite an IRS Audit, Forbes, May 3, 2014.

Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this article to my attention.


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