The author of ,Tax This: Standing Up Against The IRS, Scott Estill provides CNN with a few tips that will help prevent you from being audited by the IRS. Some best practices that will best help you when preparing your taxes are:
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Understand your tax laws. Whether your are filing taxes for business or personal, make sure that you read the laws carefully.
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Keep accurate receipts for every expense you claim.
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Do not fight the IRS on your own. Secure legal aid.
In addition to these helpful tips, stray away from these potential red flags:
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Inaccurate W-2’s.
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Inconsistent rental/mortgage statements.
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Off-shore banking accounts. This is one area that the IRS is currently focusing on!
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