12 Jul 2022

What are the Audit Flags for the IRS?

In fourteen previous columns, I discussed my use of “tax tidbits” to enliven conversations when talking taxes with clients, speaking to groups like business owners, retirees, investors and home sellers, or teaching adult education courses at places like high schools and community colleges. The tidbits discuss, among other things, Internal Revenue Service rulings, law changes, court decisions and tactics that trim taxes for this year and even future ones.

I‘d like to share more of my favorites with you here.