how does the IRS decide who to audit?

03/12/24 • 12 min

DESI'S DIGEST: MAKING INFORMED DECISIONS BUT BETTER

Is it the meal expenses or the auto expenses.... or is it that trip to Bali that you took with your family that you wrote off as a travel expense?!

All jokes aside, how does the IRS decide who to audit? 🤔

In the days of "big data," the IRS uses an algorithm to measure all kinds of data on your tax return, and compare it to others'. The IRS knows your field, and they know what a "normal" range of expenses is on any given category on your tax return. So, when your numbers pop out of that normal range, your tax return gets a flag.

It's all automated.

In this week's podcast episode, I'm talking about the fascinating way that the IRS identifies taxpayers for audit. And how you can see what they're seeing, and keep yourself protected.

I'm also teaching you which category on your deductions is actually beneficial to you and which categories you should not treat as a "dumping ground".

It is a little tax-nerdy, but very interesting, and will keep you protected.

Newsletter Sign up: https://www.desitaxservice.com/email-sign-up
Instagram: instagram.com/desitaxservices

Is it the meal expenses or the auto expenses.... or is it that trip to Bali that you took with your family that you wrote off as a travel expense?!

All jokes aside, how does the IRS decide who to audit? 🤔

It's all automated.

In this week's podcast episode, I'm talking about the fascinating way that the IRS identifies taxpayers for audit. And how you can see what they're seeing, and keep yourself protected.

I'm also teaching you which category on your deductions is actually beneficial to you and which categories you should not treat as a "dumping ground".

It is a little tax-nerdy, but very interesting, and will keep you protected.

Newsletter Sign up: https://www.desitaxservice.com/email-sign-up
Instagram: instagram.com/desitaxservices

Next Episode

We're not bottomless money pits (3 money-saving tips)

Saving money can often feel like an uphill battle, but with the right strategies, you can stack up those savings without sacrificing too much.

But what if I told you that...

Setting firm financial boundaries could be the SECRET to thriving in both your personal and professional life?
Listen to this weeks episode for 3 money-saving tips that you can implement now to save in Q2!
Are you ready to take control of your finances and start saving big in Quarter 2?

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During this session, we'll review the expenses behind your business, identify areas where we can cut costs, and discuss where strategic spending can maximize your tax savings creating a plan specifically for you to thrive within your financial boundaries. But here's the catch: to make the most of this opportunity, your bookkeeping must be up-to-date.

Don't miss out on this opportunity to secure your financial future. Book your session now!

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Instagram: instagram.com/desitaxservices