The 10 People Most Likely To Be Audited. Are You One Of Them?

- By

People Who Deduct Business Expenses

Schedule C, where the self-employed make tax deductions, is a goldmine for the IRS. Entrepreneurs are known to claim excessive deductions and underreporting income. High-grossing sole proprietorships are favorites for auditors. Make sure you keep your receipts and keep detailed records that document each expense, and its business purpose.

Comment Disclaimer: Comments that contain profane or derogatory language, video links or exceed 200 words will require approval by a moderator before appearing in the comment section. XOXO-MN