Hot IRS Audit Topics for 2011 and 2012

Here are the hot topics and trends for tax audits right now for individual taxpayers: home energy credits and deduction of state sales taxes on vehicles purhcased in 2010.

The IRS found 100,000 erroneous home energy credits.  Individuals were entitled to deduct up to $1,500 on energy saving home improvements in 2009 and 2010 combined.  Many taxpayers reported credits exceeding $1,500 and the most egregious offenders may face audits in the near future.

Also, individual taxpayers were entitled to deduct sales tax on vehicles purchased in 2009 (up to $49,500), if they also deducted state income taxes.  However, many taxpayers erroneously made deductions for sales taxes paid on vehicles they purchased in 2010.  This is a no-no, and this error may be a hot basis for audits in the near future as well.

If you find yourself the target of an IRS audit, get professional help.  The dangers of the IRS bootstrapping one audit year into 2 or 3 years is too great.  Get help from a professional who deals with audits and collection matters daily.  Call me at 405-607-1192.  I would love to help you out!
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