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Finance and tax experts follow the IRS audit triggers you need to know.
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1. Excess deductions or tax credits that are available.
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2. Dealing in transactions in cryptocurrency.
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3. Fixed mismatch in returns filed.
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4. Claiming rental expenses for the self-employed.
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5. Claiming of Recurrent Business Losses.
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6. Write off of excess traveling expenses.
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7. Not reporting income from side hustle or gig work.
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Next steps