Sentences with phrase «flag for an audit»

«If you try to deduct unrelated home costs as business expenses, you might get flagged for an audit,» said Zimmelman.

I have not had any problems yet, but I don't want the IRS thinking, «well, there's no return filed for this bank account's EIN... flagged for audit.»

The IRS flagged for audits based on comparing what you file to information in their systems.

It's also a red flag for an audit.

So when the time is right and you sit down in front of the computer, with your tax preparer, or even still hand filing on paper and sending returns in via U.S. Post, mission No. 1 is to minimize the likelihood of being flagged for an audit.

Not exact matches

Getting your return flagged for review doesn't mean you'll be audited, but it can raise the odds that Uncle Sam will discover that the numbers don't add up.

Still, your charitable donations can be a flag for an IRS audit, particularly if you give a whole lot more than most people in your tax bracket.

Also his income tax deductions will probably be flagged for at least a partial audit based on these numbers.

ACS is pleased to report that each of the agencies we flagged for intensive intervention have taken steps to improve their performance since the 2015 - 2016 audit period.»

Perhaps when we notice red - flagged results we dig deeper and / or audit the learning program to look for areas of improvement.

Labour MP Diana Johnson, who previously promised to flag the financial mismanagement of free schools to the National Audit Office, said it was «irresponsible» for the government to «waste money on a chaotic free school funding system that is simply not fit for purpose».

As you sip your favorite summer beverage on the deck to celebrate, Canada Revenue Agency is quietly scanning your return looking for red flags that can trigger an audit.

Each transaction was audited for gift cards and any cash equivalents automatically flagged / canceled the account.

Livent's Receiver Manager sued former Livent auditor, Deloitte & Touche for issuing clean audit opinions and a comfort letter to potential investors in the face of numerous red flags indicating fraud by senior management that it said Deloitte... [more] Full article

Often cited as a «red flag» for audits, the home office deduction is in fact a legitimate business deduction with particular importance for certain careers and small business owners.