What Triggers A State Tax Audit?
Автор: The Law Offices of Sammy Kim
Загружено: 2022-08-29
Просмотров: 1244
Описание:
Your state tax agency looks for red flags that indicate an audit might be warranted.
These red flags aren’t necessarily a sign of wrongdoing. Many taxpayers are flagged simply because they fall into a category in which errors and fraud are more common.
It’s just more efficient to target the taxpayers most likely to make a mistake.
Common factors that can trigger a state tax audit for small businesses:
Operating a sole proprietorship
More independent contractors than employees
Meeting payroll in cash
Operating in multiple states
Reporting business losses year after year
Claiming 100% business use for your car
Claiming a home office deduction
Having used a COVID-19 relief program
As we explain below, an IRS audit can be another factor leading to a state audit.
Factors that can trigger an individual income tax audit at the state or federal level:
Unreported income
Very high income
Unusually high deductions (compared to others in your income bracket)
Multiple caregivers claiming the same dependent
Working in a different state than the one you live in (state audit only)
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Source: vataxattorney.com/will-a-state-tax-audit-trigger-a-federal-tax-audit/
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