Deductions that are too late to deduct during an audit

[Mary Jay]

Hi guys,

I never claim my home office on my taxes and I was thinking that when I have an audit, and the audit finds something, then I can use the unclaimed home deduction to offset it.

But then Ive heard that some deductions are not allowed to be claimed during the audit , because its too late. (Not sure if the home deduction is one of them)

What are the tax deductions that are too late to deduct post filing taxes (during audit)

[Glen Wiley]

You should always take all of the deductions you can legally take. You don't "offset" findings with deductions you didn't take - get a good cpa who specializes in real estate.

We closed an audit successfully 2 weeks ago - no change to our filing. The key is to run your operation so thoroughly that you don't fear an audit. We just look at an IRS audit as an (expensive) validation that our paperwork is solid.