Part 1/9:
Understanding IRS Audit Red Flags: How to Protect Yourself in Tax Season
Tax season can be a stressful time for many Americans, especially given the slim odds of being audited by the IRS—fewer than 1% of taxpayers are typically selected for an audit annually. While some audits are randomly chosen, most are triggered by specific red flags or red flags that raise suspicion during the review process. Being aware of these red flags can help you avoid unintended mistakes that may increase your chances of an audit.