Why the IRS takes a special interest in the self-employed

05/12/2011 | Fox Business

IRS audits are on the rise for self-employed individuals, but Bonnie Lee has five tips to be ready when the taxman cometh. Document your income sources, use software to track income and expenses, and keep detailed records for "red-flag" items such as mileage and entertaining. Another suggestion: The IRS is suspicious of self-prepared returns, so consider paying a tax pro, even if you think you don't need one.

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