No one likes to get audited by the IRS. While there are many myths and assumptions about what can lead up to an IRS audit, most people will not experience one. According to the IRS, it conducts audits randomly for the most part, but returns that have noticeable issues or inconsistencies could be flagged for an audit.
For older adults and seniors who are managing retirement withdrawals, investment income and Social Security benefits, some filing mistakes can raise red flags that may not be realized upfront. Here are four tax mistakes seniors should avoid making in the hopes of not getting flagged for an IRS audit.
