Some individuals think filing early will decrease their risk of an audit, while others file at the very last minute, believing this will reduce their chance of being audited. And some taxpayers don't think timing matters at all.

The information on your return such as your income bracket and profession are the most significant factors that increase your chances of being audited. The higher your income, the more attractive your return becomes to the IRS to audit. If you're self-employed and/or work in a profession that generates mostly cash income, you are also more likely to draw IRS attention.

For further information on other possible audit flags, please visit our website at www.az-associates.com or clink on the "news" Quick Link above.