We provide scalable accounting services for businesses of all sizes. Call us today for a free consultation to find out how we can help. Mark Dicus and Company is you premier choice for Accounting services whether you are here locally in the Las Vegas area or anywhere in the world. If you are looking for an experienced US based firm, then look no further.


We provide a comprehensive range of services in the areas of financial management, operations, risk management, strategy and technology. We offer a customized approach to our services that's based on your needs. Additional business services include: Bookkeeping, CFO Services, Cash Flow Management, Strategic Business Planning, Tax Strategies, and more.


We can assist in managing and minimizing all aspects of our client's tax liability, including, but not limited to, Federal, State and transfer taxes. Advance planning results in substantial benefits and allows time for developing alternative tax strategies. We also provide businesses period-end closing, financial statement preparation and budgeting on scheduled.

IRS Red Flags on Tax Returns in Fremont, CA; Large Charitable Donations, Foreign Bank Accounts, Rental Losses & More

Whether you are filing taxes for yourself or your small business, there are many things to consider when going over your deductions; especially if you do not want the attention of the IRS. With this in mind, we at Mark Dicus & Company would point out the deductions that often raise some red flags when the IRS reviews the tax return.

IRS Red Flags & Audit Triggers

1) A $200,000 Income or Over. Be sure to report all sources of income, other than that, there is little you can do to avoid attention on incomes over $200K.
2) Large Charitable Donations. The IRS’s interest is triggered when you donate significant amount of money to charity that’s disproportionate with your income. Be sure to be prepared to always provide documentation if it is questioned.
3) Foreign Bank Accounts. Foreign accounts do need to be reported. The rules have changed when it comes to reporting. In the event aggregate balance exceeds $10,000 at any time in the year, taxpayers who have interest in or signature authority over foreign financial accounts must report them to the Treasury.
4) Early Retirement Withdrawal. Before the age of 59 and a 1⁄2, withdrawing from a retirement account for something other than a first-time home, education expense, or emergency medical issue will cause suspicion from the IRS and lead to questions, particularly if not reported on your tax return.
5) Rental Losses. To avoid trouble by backing up your claim with documentation, if you are not a real estate professional, the IRS might ask questions if you claim rental losses.
6) Unreported Income. You will be audited in the event the IRS finds out about another source of income that you did not claim on your taxes. For smooth seas ahead, being upfront and honest will is essential.
7) Business Ownership. The IRS typically takes a closer look at business owners since many business owners have claimed falsely in the past. Do not claim exaggerated deductions and make sure to claim your actual income.
8) Vehicle Used for Business. You should be able to bypass any additional questions the IRS might have for you as long as you are good at recording each business trip with the dates and mileage.
9) Excessively Extreme Deductions. Though it is nothing that proper documentation can’t solve, claiming large amounts on deductions might raise a few alarm bells with the IRS.
10) Large Business Expenses. Be prepared to validate your deductions with documentation if you claim a large amount for business meals or travel.

Tax Preparation, Filing & More in Walnut Creek, Daly City, San Mateo, Palo Alto, Mountain View, San Jose, Pleasanton & Greater San Francisco, California

To help you with your business and/or business taxes, accounting, and financial consulting services, call the experts Mark Dicus & Company. Our experts are readily available to provide you with high-quality services. Contact our friendly office today to schedule your consultation and our qualified experts can help you with your questions and concerns.

Accounting, Consulting & Tax Services in Greater Las Vegas NV, Cedar City UT, Seattle WA, San Francisco CA, Milwaukee WI & More