2007-04-01 04:22:31 · 3 answers · asked by Ares 3 in Business & Finance ➔ Taxes ➔ United States
I've never been audited, but I've handled audits for individuals and businesses. The IRS isn't exactly forthcoming about what triggers an audit, but I have noticed some common features for individuals: self-employment income in industries who deal largely with cash, large deductions for auto use and deductions for meals, entertainment and travel. For corporations, all of the above, along with high compensation for officers.
2007-04-01 05:33:00 · answer #1 · answered by SuzeY 5 · 0⤊ 0⤋
Yes, years ago, the year we moved cross-country for a job change and deducted moving expenses. We ended up with a small refund (around $50) from the audit.
2007-04-01 06:00:12 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
Yes...for claiming the Earned Income Credit.
2007-04-02 01:38:36 · answer #3 · answered by Riannaa 2 · 0⤊ 0⤋