I know that may sound because you are probably like most other people and want to avoid being audited. It’s certainly something I’d recommend. So I thought I’d take the opposite approach and show you how to get audited.
These are the things the IRS most looks for and hones in on to target. Don’t do these things (or stop doing them if you’re currently doing them) and you’ll be more likely to steer clear of unwanted attention.
Also, an interesting tidbit I didn’t know is that bank managers and even some inexperienced tellers have the personal discretion to report transactions as low as $5,000 to the IRS if they believe the funds come from “suspicious sources”. Who’s to define what ’suspicious’ means?
I’d recommend staying under $5,000 whenever possible.
-IRS Agents Get Confused
-How to Get Audited By the IRS
-Obama Administration to Increase IRS Audits This Year
-IRS Hires Extra Agents For Increased Audits
The above are some excellent resources I’ve found.
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