It is always best to stay away from #IRS audits. Make sure all your records are #Accurate and #Honest, so you won’t have to worry even if the IRS pays a visit. Here are some points to keep in your head that might trigger an IRS audit. Agileeplatform.com #IRSaudit #Audittriggers #Agileeplatform

1. 8 IRS Audit
Triggers To Keep
in Mind This Tax
Season.
agileeplatform.com
Keep an eye on these triggers
while you file your taxes.

2. Misrepresentation of
income
agileeplatform.com
IRS uses computer programs that
match your filed income with the
amount that is provided by your
employers and other sources to
identify discrepancies. You might get
audited if there is a huge mismatch

3. agileeplatform.com
Making too much
money
IRS might suspect an error or fraud
If you are earning more than usual.
The chances of getting audited are
high if you earn more than a million
dollars a year. Make sure your books
are accurate to avoid any penalties

4. agileeplatform.com
When the business
keeps losing money
IRS notices that small business that
reports excessive losses. There is a
chance that business owners might
report personal expenses to get
more deductions and reduce the tax
burden.

5. agileeplatform.com
Huge Charitable
Donations
The government offers tax
deductions for charitable donations.
But if you donate a huge chunk of
your income, you might get an IRS
audit. Make sure to keep proper
receipts if your transactions are legit.

6. agileeplatform.com
Self-employed or
cash-based business
The chances of getting an IRS audit
are high if you own a cash-based
business and your lifestyle doesn’t
match your income. You will get
reported if you make a transaction
or cash deposit of $10,000 or higher.

7. agileeplatform.com
If you have cash or
assets overseas
IRS keeps an eye on taxpayers who
have cash and other countries,
especially those countries which
have relaxed taxes. The banks
overseas are obligated to send
them records if IRS wants to know.

8. agileeplatform.com
Round numbers
Rather than rounding your expenses
to the nearest dollar, if you estimate
your round-off and file your entries
that end in zero or five might raise
suspicion. The numbers might look
neat and easy to calculate, but
accurate books are not.

9. agileeplatform.com
Mistakes
Double-check your form for any
mistakes. It is most likely to be a
miscalculation, a missing decimal
point, or entering a wrong social
security number. Make sure you
avoid these preventable mistakes
while filing your taxes

10. agileeplatform.com Follow us for more
info@agileeplatform.com
File your taxes
without the fear of
getting audited
Agile e-Platform