IRS Red Flags for Income Tax Return Audits

Kutchins, Robbins & Diamond, Ltd. shares insight on IRS red flags and audits in IRS Red Flags For Income Tax Return Audits.  Read the article for a more detailed explanation, but here are the red flags.  In of themselves most of these are perfectly fine.  It’s how you use them.

  • Income Level
  • Charitable Contributions
  • Report All Income
  • Self-Employment
  • Put Business Before Pleasure
  • Home Office Deductions
  • Business Use of Vehicle
  • Be Careful With the Earned Income Credit
  • Avoid shady tax preparers
  • Be Careful With State Returns

Kutchins, Robbins & Diamond, Ltd was a Chicago 101 Best and Brightest companies to work for in 2011.

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