10 Common IRS Tax Audit Triggers
The statement “Selection for an IRS audit means there’s a problem” is not necessarily true. While it is true that some audits are triggered by discrepancies or errors on a tax return, not all audits are conducted because of wrongdoing. The IRS also conducts random audits or audits based on a statistical formula to update return selection information, as well as related examinations of returns that involve issues or transactions…