IRS Audit Red Flags - How to avoid IRS Audit

Here's how to avoid an IRS Audit! There are certain IRS audit red flags that increase your odds dramatically and the IRS loves catching them - although your chances of being audited in general are pretty low.

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Disclaimer: The information provided in this video is for entertainment purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).

[whatheavensaid]

I used to work for a company who represented people during IRS audits. It was scary for me to meet IRS agents at first... but they were actually polite and focused. They are people who have a job to do... not so scary after all, if we just follow their directions. I also have friends who had a lot of tax debt. When they phoned the IRS to work it out, the IRS was happy to work out a payment plan. They don't want to chase people. I hope this helps you. 💖

[trustmebronocap]

Thank you for this video. It is always good to refresh before tax season coming up.

[clarrissialindsay]

Great job explaining in detail about these "red flags". Your delivery was very professional.

[rtanaka]

Yes! You did a great job of explaining. Thanks Keran.

[kamiaque]

You did great, thank you for all the information you've provided 👍

[lawrenceanthony]

Keran I really understand the information when u break it down please make more videos and when I retain the services of the company I'd like it if you could help me so I could understand exactly what I'm doing with my taxes so I could feel confident in running my business.

[RochX-]

Brother, you're great. Appreciate all the insight.

[TheMoneyInnovator]

"First you jump for joy, second, you owe taxes..." 😭 Great info! Thanks for the video!

[masonparker]

You did. Video was well organized and without head spinning jargon..

[refreshlandscapelighting]

great video! Q: what abut receiving payments through PayPal or Zelle? are there any issues with those transactions?

[jdmans]

another main one is HOME OFFICE...don't declare a home office if possible..it prompts

[lintsadvisors]

"BAHOT BADHIYA", Thats my native transalation for "VERY NICE". Good information.

[valexander]

I have adopted kids. They requested proof that they are my kids. I sent it all, then they tell me they will review Aug 5th which has come and gone. This held up my child tax credit, EIC, everything. I filed the day Electronic Filing opened up. This is substantially longer than 45 days. This is absolutely crazy! What do you do when they say your kids aren't yours, you prove they are. Is this even for real??? Oddly they didn't say AUDIT until I sent them all of the court adoption documents, BCs, etc... what the heck.

[bestbossfootball]

Missed to report $500 gross from Uber. $200 is expenses. $300 is net but still I have $350 deductions. Since its a lost as you can see, should I still file an amendment? thanks brotha

[marvinrichardson]

Hmmm., So if I'm not a millionaire my chances of being audited go way down. Good to know. I think I'm pretty safe.

[ucbwill]

My girlfriend's employer had her fill out hundreds of timesheets for an audit, i think because they didnt have them for the tax year. This doesnt feel legal.

[j.salvadorricosoto]

es posible congelar mi traslado de banco pues el actual no tiene la amabilidad de responder mis llamadas asi que decidi cambiarlo a otro segun debo dos añor de IRS sin recibir un centavo de intereses bancarios aclaro no soy recidente de EEUU

[theloversmicheal]

I'm trying to find a lawyer, accountant, and build a lawsuit

[Bj]

So if I deposit cash into my account monthly from like renting a room or something you batts report it? 😮

[tiac]

Thank you for this channel so helpful!! I have a question: in December 2020 i wired transferred $12k to my mom in europe through chase bank and then she had to wire transfer it to me back..i keep thinking about it, do you think i will get audited?!