Top IRS Audit Triggers to Avoid: A Guide for Locum Professionals and Business Owners

Are you concerned about an IRS audit? With increased funding and hiring at the IRS, there's no better time to ensure your tax returns are compliant. In this episode of the Locum CPA Podcast, CPA Stephen Lee from Chicago, Illinois, breaks down the biggest IRS audit red flags for business owners and high-income individuals. Learn about the likelihood of getting audited, the major triggers, and how to protect yourself. This video covers everything from reporting all income accurately to avoiding excessive deductions and ensuring proper documentation. Stay informed and file your taxes with confidence!

00:00 Introduction to IRS Audits

00:28 Welcome to the Locum CPA Podcast

00:51 Understanding IRS Audit Likelihood

02:19 Top IRS Audit Red Flags

10:17 How to Protect Yourself from an IRS Audit

13:29 Conclusion and Final Tips

How to Start and Operate Your Locums Practice:https://thelocumcpa.com/

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The Locum CPA is hosted by Stephen Lee, a Certified Public Accountant and Certified Private Wealth Advisor®. On this channel, you will find strategic business advice related to locum tenens professionals. Topics to be covered will include how to set up and operate your locum tenens practice to maximize tax deductions, tax savings, pay quarterly estimated taxes and bring overall peace of mind when operating a locums practice.

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