Decrease Your Odds to Avoid an IRS Audit

Thursday, February 4, 2016

The IRS will soon be accepting tax returns for the upcoming tax season, so now is the time to talk about mistakes you should avoid on your tax return so you don’t trigger an IRS audit. Making tax mistakes can cost you a lot if you trigger an IRS audit.  However, if you do get audited, contact the Strategic Tax Lawyers, LLP, one of the best tax attorneys who know how to get you out of the mess of an audit.  We are a firm of a firm of Beverly Hills Tax Attorneys, Audit tax attorneys, and Offshore Taxes Attorneys with years of IRS-related experience.  

A main tip to avoid an IRS is audit is a no-brainer, yet so many taxpayers don’t do this. We are talking about proofreading your tax return carefully before you click send when you e-file.  Filing electronically is the way to go, it’s fast, accurate and simple. Of course though, humans make errors.  It is important to very cautious of your math and you should fill out forms and schedules that only apply to you.  Also, make sure to use the newest, updated forms as many old forms have been updated.  

Only 1% of tax returns will be selected to take a closer look with an audit. You can reduce your risk even more if you follow these suggestions: report all of your income; document every single penny of your tax deductions or credits; be cautious when claiming a vehicle for your business and keep a log of mileage; don’t file an amended tax return if you can avoid it; and be honest in your tax return.  

The following are common errors that taxpayers make on their tax returns: entering an incorrect Social Security number; misspelling your name (please enter your name as stated on your Social Security card); entering the incorrect bank account numbers; entering the incorrect filing status; making simple math mistakes that could be avoided by reviewing your tax return or using e-filing software which reduces mathematical errors; forgetting to sign and date all forms which means that your tax return will not get processed. 

We really suggest that you avoid any discrepancies between your tax return and any forms, especially Form 1099 since with each of these forms, the IRS receives a copy. Also, if you don’t include your 1099 income on your tax return that will trigger the IRS and you most likely will receive a notice with possible interest and/or penalties.  This could even trigger an IRS audit.

The Strategic Tax Lawyers, LLP are a firm of a firm of Beverly Hills Tax Attorneys, Audit tax attorneys, and Offshore Taxes Attorneys.  We are experts with years of experience with the IRS tax code.  Call the Strategic Tax Lawyers at (800) 669-4775 for a free consultation to assist you with your tax-related matters.