Let’s be honest, going through an audit is pretty costly – to your pocket book and your time. Here are our 7 triggers to avoid that can cause an audit by the IRS:
1) Using too many round numbers on your tax return
2) Inflating home office deductions
3) Too many losses on your Schedule C
4) Claiming Head of Household when you’re actually married
5) Failing to include income from a W2, 1099 or other form
6) Claiming the Earned Income Tax Credit when you’re not eligible
7) Disproportionately claiming high charitable deductions
At Denton & Associates we recommend having a CPA or tax professional help you file your income tax return. Our CPAs, Dairel and Megan can make sure everything is on track and accurate on your return. Give us a call at 573-686-3053 to schedule a meeting.