Procedures rules for IRS audits

6 Red Flags That Can Trigger an IRS Audit

By J Anton Collins / January 26, 2023

6 Red Flags That Can Trigger an IRS Audit   The thought of having their tax return audited by the IRS is a huge fear of many Americans.   Realistically, the odds of being audited are pretty low. Still, have you ever wondered what causes some tax returns to be audited and not others?  …

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IRS Audits for Cash Intensive Businesses: Part 1 – Minimum Income Probes

By madwire / October 27, 2018

What does an IRS Revenue Agent look for when auditing a cash-intensive business? The short answer is this: correct gross receipts and reasonable accuracy of deducted expenses. But this article focuses more specifically on how IRS examines for unreported cash. You will want to understand that the IRS tax audit process is not set in…

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