Associate Dean of Academic Affairs/Law Professor Nicholas Mirkay joins producer/host Coralie Chun Matayoshi to discuss:
• common red flags that can trigger closer IRS scrutiny or an audit
• what business owners need to watch out for
• do you have to declare prizes you win as income?
• can you take gambling losses as a deduction?
• what is the difference between tax avoidance and tax evasion?
• is there a statute of limitations for tax fraud?
• how to reduce the amount you owe to the IRS.

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