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 Internal Revenue Service Taxaudit Com 2022-2024

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[Music] the IRS received 80 billion dollars in funding when President Biden signed the inflation reduction act last year more than 45 billion has been earmarked for enforcement making some taxpayers nervous that could mean more audits so I want to bring in Ryan losey to explain what triggers an audit he's a CPA and the Executive Vice President of the certified public accounting firm basic which is based in Virginia thanks for joining us this morning so first off what does an increased number of IRS agents actually mean for the average taxpayer I I think it's not going to mean much of a change unless those average taxpayers have been dabbling in crypto and hasn't and haven't reported that in the past years or besides the salt or have a side hustle okay so that's good well but a lot of people at least a lot of people seem to have side hustles I'm always trying to figure out what my side hustle could be um so then let's talk about this you know what's likely to trigger an audit what are a

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