Goldburd McCone LLP

Home Office Deduction ?? Deducting a home office? It must be exclusively for business. Claiming any part of your home for business use incorrectly can trigger an audit. ?? How to Stay Safe: ?? Use a dedicated space for business ONLY ?? Keep records of expenses & usage ?? Only claim legitimate business expenses ?? Got a home office deduction audit? Contact Goldburd Law at [email protected] or 212-302-9400. #HomeOffice #IRS #BusinessDeductions #Audit #GoldburdLaw

Claiming Rental Losses ?? Rental property losses are scrutinized unless you’re a real estate professional. The IRS limits rental losses unless you actively participate in managing the property. ?? How to Stay Safe: ?? Keep detailed records of property expenses ?? Know income limits for rental loss deductions ?? Document active participation ?? IRS issues with rental deductions? Call Goldburd Law at 212-302-9400 or email [email protected]. #RealEstate #RentalIncome #IRS #Audit #GoldburdLaw

Large Charitable Donations = IRS Scrutiny ?? Generosity is great—just don’t let it trigger an audit! If your charitable donations seem too high compared to your income, the IRS may demand proof. ?? How to Stay Safe: ?? Get written receipts for every donation ?? Only deduct contributions to qualified charities ?? If donating valuables, get a third-party appraisal ?? IRS questioning your deductions? Contact Goldburd Law at [email protected] or 212-302-9400. #IRS #TaxAudit #CharityDeductions #Taxes #TaxHelp #GoldburdLaw

Round Numbers = Red Flags ?? Tax returns full of zeroes? The IRS isn’t buying it. Filing expenses like $5,000 for office supplies or $10,000 for travel? The IRS assumes you’re estimating. ?? How to Stay Safe: ?? Use exact numbers from receipts ?? Keep digital records of expenses ?? Use tax software or a professional ?? Audit alert? We handle IRS disputes daily. Call Goldburd Law at 212-302-9400 or email [email protected] for expert help. #IRS #AuditRedFlags #TaxHelp #GoldburdLaw

Failing to Report All Income ?? The IRS already knows your income. Your employer, banks, and brokerage accounts send W-2s & 1099s directly to the IRS. If your return doesn’t match, expect a letter or worse—an audit. ?? Avoid an IRS Audit by: ? Reporting every source of income ? Checking all tax documents before filing ? Keeping copies of W-2s & 1099s ?? Got a tax notice? Don’t ignore it! Reach out to Goldburd Law at [email protected] or 212-302-9400. #IRS #Audit #Taxes #TaxLaw #TaxAttorney #IRSNotice #GoldburdLaw

High Income = Higher Audit Risk ?? Earn over $500K? The IRS is watching. If you’re in the top 1% of earners, your audit risk skyrockets. The IRS focuses on high-income returns because they believe that’s where the biggest tax mistakes (or fraud) happen. ?? How to Reduce Audit Risk: ?? Keep detailed records of income & deductions ?? Work with a CPA or tax attorney for complex returns ?? Report ALL income from W-2s, 1099s, and investments ?? Need help with an IRS audit? Contact Goldburd Law at [email protected] or 212-302-9400. #IRS #Audit #TaxLaw #HighIncome #IRSNotice #TaxHelp #GoldburdLaw

Too Many Business Deductions? The IRS Thinks You’re Lying ?? Business owners, listen up! Excessive deductions (meals, travel, home office) raise IRS red flags. If it looks like you’re writing off your lifestyle, you’re in trouble. ?? How to Defend Your Deductions: ?? Keep receipts & logs of expenses ?? Only claim necessary business expenses ?? Be cautious with 100% business use claims ?? Facing an IRS challenge? We fight audits daily. Call Goldburd Law at 212-302-9400 or email [email protected]. #IRS #Audit #BusinessDeductions #TaxLaw #TaxAttorney #GoldburdLaw

Understanding IRS Payment Plans - If you're unable to pay your tax bill in full, the IRS offers payment plans to help you manage your debt over time. These plans allow you to make monthly payments, making the debt more manageable. Ensure you stay current on future tax filings to avoid defaulting on the plan. #TaxDebtHelp #IRS #PaymentPlans #TaxRelief #TaxTips

State Tax Debt Solutions - Tax debt isn’t just a federal issue. States can also pursue unpaid taxes. Many states offer hardship programs similar to the IRS Fresh Start. Review your state’s tax relief options online or call their tax office for details. #StateTaxDebt #TaxRelief #TaxTips