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Accounting & Financial Reporting

A tax audit is an accounting procedure where the IRS examines your individual or business financial records to make sure your return was filed accurately. Chances are low — but clean, accurate reporting keeps you protected.

What to watch for

Five mistakes that can trigger an audit.

01

Avoidable Errors

Review paperwork carefully, check your math, verify personal information, and include every required form.

02

Omitting Income

The IRS matches employer-submitted W-2 and 1099 forms against your return, so track income weekly or monthly.

03

Unclear Deductions

Understand current tax codes and avoid double-deductions or inflated expense claims.

04

Excessive Charitable Donations

The IRS watches donation amounts relative to income — keep receipts and make realistic estimates.

05

Continuing Business Losses

Reporting losses 3+ years across 5 years can trigger hobby classification, which disallows deductions.

If you're audited

Stay calm. Stay organized. Get help.

Keep your documentation organized, and let us help with any corrections or disputes.

Keep your books audit-ready.

Book a free 15-minute discovery call to review your accounting and financial reporting.