Wealth Wednesday: Tips for Avoiding an IRS Audit

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  • Six Tips
  • Tap Into Free Tax Prep Help
  • Use Tax Software
  • Double Check Those Home Office Expenses
  • Double-Check Oversize Deductions
  • Report All Income Accurately
  • Stay On the Up-and-Up
  • Check and Re-Check

Use Tax Software

For under $50 you can buy the most current version of popular tax software TurboTax or H&R Block and use them to gather your financial data, do the calculations and even e-file your return directly from the programs. Math errors are one of several known IRS audit triggers, according to H&R Block, which says small math errors are usually fixed and forgiven, but claiming the wrong deductions and credits, filing under the wrong status and stating the wrong income are major no-nos to avoid.  (Photo: Tim Boyle/Getty Images)

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