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IRS audits can be triggered by various factors that the IRS is looking for. Learn why the IRS audits people, what triggers an audit, and what your chances are of being audited. This TurboTax Tax Tip Video explains IRS audits and provides tips to help you avoid one. Understand the IRS's audit process and how to prepare for an audit if you're selected. Stay informed and protect your finances.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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