Register - Log In


FunTrivia Homepage


  • New Questions

  • Unanswered


  • Post a Question

    • Goto Qn #




    Archives

    How does the IRS determine who to audit and are there any 'surefire redflags' that will provoke an audit?

    Question #22912. Asked by Charles. (Sep 30 02 12:38 PM)


    Brainy Blonde

    		High Schedule C losses from part-time businesses.
    Large deductions relative to income.
    Incomplete or incorrect reporting.
    Far-fetched business deductions.
    Payments to family members as employees.
    http://www.powerhomebiz.com/vol55/taxaudit.htm

    Inconsistencies between your new return and last year's.
    Disagreements between your state and Federal tax returns.
    Drastic changes in income.
    Round numbers, like {'$3,000.'}
    Incomplete or sloppy returns.
    Suspiciously low income.
    http://www.1099.com/c/ar/ta/redflags_t027.html

    IRS Audits
    Avoid Red Flags
    http://www.taxfables.com/Columns/Audits/Avoid_Red_Flags.html



    Sep 30 02, 1:28 PM
    Charles

    		Thanks very much!

    Sep 30 02, 11:07 PM

    Find something useful here? Please help us spread the word about FunTrivia. Recommend this page below!


    Sign up to see all responses!

    Create a Free ID instantly to see all recent responses, post your own follow-ups or questions, and access over 1,000,000 trivia questions!

    Choose a User Name:
    Your Email Address:
    Choose a Password:

    I agree by the terms outlined in FunTrivia's Conditions of Use




    Other Similar Questions & Answers


    How does the IRS decide which taxpayers to audit?

    A one-eyed, racist U.S. Senator once proposed prodding the President with a farming implement in order to provoke him to action. What was his name, and what was the nickname derived from that proposal?

    Who said, "It's not polls that determine elections. It's elections that determine elections"?

    Suggested Related FunTrivia Quizzes - 90,000 currently online

    1 In Any Language
    For this quiz, I will translate a word into three different languages. You will have to figure out what the word is in English. Good luck!
    		Languages Average
    10 Q
    me132
    Nov 29 05
    3513 plays
    2 Love in Any Language
    "Love in Any Language," is song by Sandi Patti. Although not well known, I think it delivers a very good message. Take this quiz and learn how to tell someone that you love them in up to ten languages!
    		Languages Tough
    10 Q
    thegogga
    Feb 26 07
    1077 plays
    3 1.12 "By Any Means Necessary"
    This quiz contains questions about facts, people and quotes from the "Babylon 5" episode "By Any Means Necessary."
    		Babylon 5 Universe : Season 1 Average
    15 Q
    kbrugman
    Aug 22 02
    363 plays




    "Ask FunTrivia" is for entertainment purposes only, and answers offered are unverified and unchecked by FunTrivia. We cannot guarantee the accuracy or veracity of ANY statement posted. Feel free to post an updated response if you feel that an answer is inadequate or incorrect. Please thoroughly research items where accuracy is important to you using multiple reliable sources. By accessing our website, you agree to be bound by our terms of service.