Due to recent funding boosts, IRS audits are on the rise, and more taxpayers are being scrutinized. If the thought of an IRS audit makes you uneasy, you're not alone. But with the right preparation, you can minimize your risk and ensure a smooth audit process.
The IRS has been allocated billions in additional funding, which means:
While anyone can get audited, there are specific red flags that increase your chances:
Large income discrepancies (reported by employers vs. what’s reported on your tax return).
Excessive deductions relative to your income.
Unsubstantiated business expenses that don't match your business type or industry.
Overstated charitable donations that don't align with your income level.
Maintain Accurate Records – Save receipts, invoices, and all relevant documents to back up your claims.
Report All Income Accurately – The IRS cross-checks what you report with what your employers or clients report.
Work with a Tax Expert – A professional can help ensure that your returns are error-free and give you audit representation if the IRS comes knocking.
If you receive an audit notice, don’t panic. Follow these steps:
At Tax Resolution Accounting, we specialize in IRS audit defense and can help you avoid costly errors. If you’ve received an audit notice or want to take proactive steps to avoid one, contact us today.
📅 Book a consultation and protect your finances from an IRS audit!
