Have you ever wondered, what triggers an IRS Audit in 2022? Less than 1% of Americans will be audited by the Internal Revenue Service in the coming year, so what are your chances of getting audited? Some of the audits are totally random, but many are actually triggered by actions of taxpayers they themselves have taken or IRS red flags.
In this video, I’ll cover my five best tips on what actually triggers an IRS audit, so that you can avoid that from happening.
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Do you have questions about the What Triggers an IRS Audit in 2022 | IRS Red Flags | Chances of Getting Audited? I’m an Illinois licensed, Registered Certified Public Accountant with over 25 years of experience. I’m dedicated to providing outstanding tax and accounting services to individuals and small businesses in the Chicago area.
Disclaimer: Any accounting, business or tax advice contained in this article, is not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion, nor is it sufficient to avoid tax-related penalties. If desired, I would be pleased to perform the requisite research and provide you with a detailed written analysis. Such an engagement may be the subject of a separate engagement letter that would define the scope and limits of the desired consultation services.