https://www.youtube.com/v/L5rktLMOqbY?version=3
The IRS spots unreported income when reported earnings, like $10,000, don’t match a lavish lifestyle such as living in a million-dollar house. Bank records are frequently requested, especially for small businesses lacking proper double-entry bookkeeping. Taxpayers must bring these documents to their audit appointment for review. Auditors then analyze sources of funds, track inflows and outflows, and identify irregularities. Proper record-keeping helps avoid these common audit triggers.
