taxes

Most Suspicious IRS Audit Triggers

Taxes

The Minnesota Society of CPAs has compiled a list of red flags that could trigger an audit from the IRS if they apply to your clients' tax returns.

The Internal Revenue Service recently announced it will not require taxpayers to amend their returns or pay back any extra money they received in their refunds due to incorrect health care-related tax information on Form 1095-A. This is good news for individuals who may have mistakenly filed an inaccurate return. However, the IRS is not forgiving of all inaccurate returns. In fact, some filing errors could raise a red flag with the IRS and result in a tax return being selected for an audit.


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