Hi, this is Anthony, parent of Parent & Parent LLP, the IRS medic. Today we're going to be talking about tax audit red flags. It's that time of the year - tax time. At least, it's the first tax season for many people. During this time of the year, you're going to see a lot of content on these tax audit red flags. If you have one of these things, you're going to be audited. I look around at the content, and a lot of it's just so outdated. Even though I did find some things that are actually updated to reflect new realities, most people are living in the past about these red flags and sort of good content if this is 2008. But things have changed so much over the years, and this is really the thing to think about. As far as audits go, the IRS has had a complete different change. It used to be the IRS wanted to spread the misery around to everybody equally, so anybody could be subject to an audit and have that awesome first-time experience and really, really enjoy that. But the IRS's thinking has changed over the years. The IRS budget has been cut, and now the metric for their audits isn't to say, "Hey, how much is everyone overall complying?" Now, the new metric of audits is how much more additional money are you assessing. That's the new thing. The reason why other things is to is because the IRS now has about half the field auditors they used to have in 2008. Yet, they assess about the same amount additionally. So, the IRS has been successful with this new metric, according to their eyes and, at least, according to Congress, by finding places to assess a lot of additional...
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