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What Triggers an IRS Audit?

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An IRS audit is something that most people dread being at the center of and in short you could find yourself being audited by the IRS even if you are someone who always files their returns on time and makes their payments to the IRS on time. Of course, an audit doesn’t mean that you will be in trouble or owe more money. However, nobody really wants the hassle of being audited by the IRS so it is important to remember that there are certain red flags that can trigger this procedure. By making yourself aware of these you can help to reduce the chances of being audited.

All of these can be key triggers that could boost the chances of you being audited by the IRS.

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