From the Tax Law Offices of David W. Klasing – What does the IRS do when it discovers Large, Unusual or Questionable Items on your returns?

IRVINE, Calif., Aug. 14, 2024 /PRNewswire/ — The IRS might open an audit when a tax return does not contain enough information to explain certain large, unusual, or questionable (LUQ) items. The IRS pays close attention to large, unusual, and questionable items reported on tax returns….