Tax season can be a tense time of year. Even if you think you have properly covered all your bases from a tax standpoint, you may be unwittingly raising red flags at the IRS that can increase your chances of being audited.
Your odds of being audited are slim, but it is better not to leave anything to chance, and there are some steps you can take to further reduce the chances of that happening. This Kiplinger article explains 21 red flags in your tax return that could trigger an audit.
This communication is for informational purposes only. No content or reference to a third-party article is intended to be a recommendation for the sale or investment in any product, strategy or service nor should it be perceived as individual advice. This commentary does not necessarily reflect the opinions of all employees or XML Financial Group and its affiliates (“XML”). XML is not responsible for any actions taken related to this information.
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