What's the one word that can make all Americans nauseous in one second flat? AUDIT. Gulp, just saying the word makes me feel a bit dizzy. An IRS audit is no fun. Just ask anyone who has been through one, especially those home business owners and self-employed individuals.
To help you avoid audit pitfalls (like those things that are likely to raise an audit red flag) and give you a better understanding of audit percentages and processes, check out these top five tax return audit questions for self employed individuals.
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