8 Reasons the IRS Might Audit You

The government’s lifeblood is taxes. Without it, the government can finance infrastructure program, social development and other projects that are intended to uplift the status of living of its citizens. However, what will happen if the IRS failed to collect taxes or allowed everyone to get away from it. That is the reason why they need to conduct an audit. There are certain situations why they audit an account. Reasons like unrecorded assets and expenses, foreign bank accounts, disproportionate charitable contributions, and wrong filing status. There are many other reasons why you are subjected to audit. These are reasons are present in this infographic.

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