Red Flags The IRS is Looking For in 2025

Summary

This video provides a crucial checklist of IRS audit red flags for business owners, with specific applications for real estate and short-term rental investors. CPA Ana Klein explains why practices like rounding expense numbers, failing to issue 1099s, or claiming aggressive deductions without proper documentation can trigger an audit. For STR hosts, the key takeaways are the absolute necessity of maintaining detailed, contemporaneous time logs to legally utilize powerful tax strategies like the STR Loophole and Real Estate Professional Status. Proper record-keeping is presented as the ultimate defense against a stressful and expensive audit.