Understanding and avoiding common audit triggers can help you stay on the IRS’s good side. High incomes are more likely to attract attention, so ensure accurate reporting and keep detailed records. Unreported income is another major trigger, as the IRS cross-references various forms of income; make sure all income is reported to avoid discrepancies. Excessive deductions that are disproportionately high compared to your income can raise red flags, so it's crucial to keep thorough documentation to substantiate your claims. Prudent Accountants is here to guide you every step of the way, from ensuring compliance to optimizing your Tax Planning Strategies in Minneapolis. Contact us today to secure your financial future and turn this tax season into an opportunity for growth and stability.