IRS red flags for the self employed - In this video, we discuss audit triggers for the self employed and small business owners. Please refrain from doing these actions.
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To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained in this communication is not intended to be used, and cannot be used, for the purpose of avoiding penalties under the Internal Revenue Code or promoting, marketing, or recommending to another party any transaction or matter addressed herein.
Many of you might be wondering what are the chances of getting audited. In this video we discuss tax red flags and your IRS audit risk. Please refrain from making these mistakes in order to avoid an IRS audit. We teach you how to lower your audit risk and what causes you to get audited by the IRS. This is not an all inclusive list of what causes an IRS audit, however, this will help you and show you how to lower IRS audit risk on your tax return.
So we hope you enjoy this video about top IRS audit triggers for sole proprietors and independent contractors.
The information provided in this video should not be construed or relied on as advice for any specific fact or circumstance. This video is designed for entertainment and information purposes only. Viewing this video does not create an accountant-client relationship. You should not act or rely on any of the information contained herein without seeking professional consultation.
This is a great video for IRS audit tips 2019 and IRS audit tips 2020. This video was crafted for individuals who are sole proprietors or single member LLCs. However, this tax advice will serve useful for most individuals as the fundamental knowledge of why and how audits are triggered. For that reason, this video is titled IRS audit red flags and IRS audit triggers. So we just want to minimize your chances of getting audited by the IRS since it is a very unpleasant experience. So watch out for these IRS audit tax red flags so avoid your IRS audit letter!
IRS Audit RED FLAGS for the SELF EMPLOYED - IRS Audit Triggers
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