What Are The Chances That I Will Get Audited Because I Am A Traveler?

Understandably, being audited is a significant fear for travelers. While it is true that a traveler has a higher chance of an audit, that is no reason to stay in a staff job that is no longer fulfilling to you. Audits come about for various reasons:

• Random ‘bad luck’

• A state revenue agency is cross-referencing your professional license to a tax return, etc.

• A lifestyle audit is initiated due to incongruities like high mortgage interest deductions when there is insufficient income to support it

• A travel company is under investigation, and the IRS is making its case by collecting audit information from its employees

If you’ve maintained a solid tax home and kept good paperwork, you should not wind up with any financial damage. Just hassle. Check out this page to make sure you’re staying on top of exactly what records you should be keeping. An easy way to do this is to order a receipt envelope. By the way, if you use TravelTax (and if you’re reading this, you should be!), there is no charge for audit defense for any return we prepare and file. Here’s a little more info about how we handle audits.