turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

How much can I claim for self-employment without being audited

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies

How much can I claim for self-employment without being audited

There is no specific or range of income or expenses reported on a Schedule C that would trigger an IRS letter, notice or audit.
As with any item entered on a tax return you must always be able to prove the income, deduction or expense you report on a tax return is accurate and valid.

How much can I claim for self-employment without being audited

The best way to GET audited is to claim an incorrect amount of income or expenses.

If you honestly report your income and expenses, (1) you will usually be less likely to be audited, and (2) if you are audited, it should be quick, easy, and you will likely not owe anything.

How much can I claim for self-employment without being audited

The goal is not to avoid audit, the goal is to provide accurate information from detailed accurate records so you can pass an audit.  You should always report your accurate honest income and expenses.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies