Well, to put it bluntly, you can get caught. And when you do, the tax man will force you to pay back taxes, in addition to penalties and interest. So, why is forgetting to report all of your income a tax audit red flag? Because computers are very adept at matching all the income earned […]
tax audit
Tax Audit Red Flag – Exaggerated Charitable Donations
For the average person, there’s nothing more terrifying than the thought of getting an IRS audit. For some people, it ranks right up there with fears of dentists, flying, and clowns. This installment of tax audit red flags focuses on charitable donations. No, this is not to say you shouldn’t give to charity. It’s just […]