There are some things that seem fairly straightforward when it comes to what the Internal Revenue Service (IRS) will audit you for: an error, too many donations to charity, reporting too many Schedule C losses (if you’re self-employed, the Schedule C Form 1040 will be familiar to you). Then there are those things that aren’t obvious at all, like using round numbers. FOX Business has a list of seven reasons why the IRS will audit you.
There’s nothing inherently sinister about an audit, but it’s in everyone’s best interest to avoid these common tax mistakes that could land you in hot water.
