Want to Avoid an IRS Audit? Avoid These Red Flags

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An IRS audit is every taxpayer’s worst nightmare. At best, an audit is time-consuming and stressful; nobody wants to have to comb through years of receipts and documents to satisfy an auditor. (And at worst, an audit is time-consuming, stressful, and potentially costly.) 

To avoid running afoul of the IRS, there are a few things you should keep in mind as you file your taxes this year.

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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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