An IRS audit is not always a cause for alarm. As long as your math is correct, you submitted all of the required forms, and you didn’t try to hide any income or claim deductions that you weren’t entitled to, you should be fine. In any case, IRS audits are rare. In fact, only one in 120 businesses gets an IRS audit each year. Here are some of the mistakes that could trigger an IRS audit:
1. Making Mathematical Errors
To err is human. Putting a decimal place where it is not supposed to be can lead to enormous numerical discrepancies. Other common mistakes such as typographical errors can throw off numbers on a tax form. To avoid mistakes, you should double check all calculations. The IRS does not take typing errors as an excuse. It will simply conclude the error was intentional. A good way to avoid mathematical errors is to hire a tax professional to do the tax returns.