Discover published sets by community

Reporting expenses or income in rounded numbers may suggest estimations rather than precise calculations.

Donations that are disproportionately large compared to income can seem unusual and may require proof.

The IRS receives copies of all 1099s and W-2s, so missing income can lead to a mismatch with IRS records.

Continuous reporting of business losses might indicate hobby losses or fraudulent reporting.

Early withdrawal from retirement funds can attract attention due to potential penalties and incorrect reporting.

Large fluctuations in income can indicate unreported earnings or potential errors.

Claiming to be a professional trader with day trading losses can be questioned if trader status isn't met.

High-earners are more likely to be audited because they are considered to have more complex returns and potential for error.

Claiming the home office deduction can be a red flag if the space is not exclusively used for business purposes.