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These Red Flags on Your 2020 Tax Return Could Spark Interest From the IRS

GOBankingRates Logo By Gabrielle Olya of GOBankingRates | Slide 1 of 16: Filing your taxes can be an annoyance, but it can become even more of a nuisance if you get audited by the IRS. Find Out: This Is Where Your Tax Dollars Actually Go Fortunately, your chances of being audited are small — only 0.6% of the individual tax returns filed for tax years 2010 through 2018 were audited, according to the latest IRS data. However, that small fraction still amounts to over a quarter million tax filers getting audited, so it can happen if you’re not careful. So that you’re prepared, these are the red flags the IRS looks out for when reviewing your tax returns. Last updated: Jan. 13, 2021

Filing your taxes can be an annoyance, but it can become even more of a nuisance if you get audited by the IRS.

Find Out: This Is Where Your Tax Dollars Actually Go

Fortunately, your chances of being audited are small — only 0.6% of the individual tax returns filed for tax years 2010 through 2018 were audited, according to the latest IRS data. However, that small fraction still amounts to over a quarter million tax filers getting audited, so it can happen if you’re not careful.

So that you’re prepared, these are the red flags the IRS looks out for when reviewing your tax returns.

Last updated: Jan. 13, 2021

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