Reasons You Could Be Audited…and How to Avoid Them

The concept of being audited by the IRS scares most people, including me. Even though I follow the rules and pay my taxes on time, there is always that worry that the IRS will come a knocking. The word has gotten itself a frightful connotation, but the audit is really just justifying your deductions to an investigator from the IRS. That still doesn’t mean I want that headache and I assume neither do you. Here are some things to avoid that just scream “AUDIT ME.” You Are Already Being Watched If you receive the bulk of your income in cash (e.g. servers, dancers, etc) the...