audit

Most people think the IRS is like big brother and watches everything that comes in their way. The truth is only about 1% actually get audited. That doesn't mean you should go crazy and write off everything, but if you are filling out a schedule C, there are things the government looks for that they consider a red flag.

I'm busy finishing my taxes and looking for anything that will help me. I read that most people don't turn in their taxes till the last few days, so if you are like me and still working on them. Here's some tips. Taxpayers overall face a low audit risk: The IRS audited 1.1% of all individual tax returns filed in 2010, or 1.6 million returns of 141 million filed. The vast majority of those audits —