Question

What events might cause an IRS examination

What events might cause an IRS examination

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Answer #1

Answer)

Some of the Events that might cause an IRS examination are:

1) Mathematical errors in the return filed.

2)Failing to report some income which is either intentionally or unintentionally but such income have already disclosed through form 1099 or so.

3)Claiming too many deduction on donation to charitable organisation.

4)Deducting too many work expenses which are examined whether such expenses are really necessary for work.

5)Examination of losses in the return whether such losses are not hidden profit for evasion of taxes.

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