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Navigating tax season can be stressful, and the possibility of an audit can add to the anxiety. While there’s no foolproof way to guarantee you’ll avoid an audit, understanding what triggers one can help you file an accurate return and minimize your risk. The IRS looks for discrepancies, high unreported income rates, and potential…
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The IRS doesn’t target specific individuals for audits, but rather selects returns based on various factors. Filing an accurate return is the best way to avoid an audit. The IRS may flag your return if income or details don’t match what employers or banks reported, if a business partner is audited, or if a…