IRS Audit Red Flags: The Dirty Dozen

Here are 12 hot spots on your return that can raise the chances of scrutiny by the IRS.

1. Failure to report all taxable income. …………

2. Returns claiming the home-buyer credit. …………

3. Claiming large charitable deductions. …………

4. Home office deduction. …………

5. Business meals, travel and entertainment. …………

6. Claiming 100% business use of vehicle. …………

7. Claiming a loss for a hobby activity. …………

8. Cash businesses. …………

9. Failure to report a foreign bank account……………

10. Engaging in currency transactions. …………

11. Math errors. …………

12. Taking higher-than-average deductions. …………