There are ratios for NIBT and NI by industry to the size of operations that can be assessed at a glance by lenders, if you fall outside the norm, either way, the situation will be looked at more closely.If you have a portfolio loan at a bank, you're betting bank examiners will miss it in a loan audit, highly unlikely.

Just had an interesting conversation with my CPA, he says he has never had as many audits ordered this month, and he has been doing taxes for over 20 years.

In an audit, they will look for reasons to blend your activities.

FICA, FUTA, state tax rates on fix-flip jobs) and audit probability (John Hyre writes that single-member LLCs have a high likelihood of an audit, whereas MMLLC’s audit-rate is low).Impact on Asset protection: As Red Ink has minimal net worth and is heavily indebted to Warbucks, Red Ink is not an attractive target for lawsuits.

The FDIC would go ballistic if that showed up in an audit, and every banker knows it.

I think the BP staff knows the personalities of members and are fully aware of personality clashes or conflicts of interest to ensure a fair, impartial opinion was obtained in any assessment to be requested.

Such a thing is dangerous and raises audit flags.

If you can it sounds like an accounting headache and will likely put you at greater risk for being audited.

But, if you get audited you'll need to provide evidence that you really intended to move to a new town and really intended to move into this house.Think about what the IRS will be asking/thinking:Did you move your stuff in and live in the house for any period of time?

After that 3 day audit I had back in early 2012 over my 2009&2010 returns they nailed me for SE taxes & disallowed legit well documented mileage etc.They sure make you feel guilty going in & after I cut the check for the extra owed plus penalties I got the distinct feeling they were going to audit me every year thereafter.BUT I just got notified that I over paid my taxes for those same years ??????