Tax day is just around the corner (April 15), and while this event often gives taxpayers agita, there are things you can do to alleviate the stress. Generally speaking, few folks have their tax returns audited. As a percentage of all returns, less than 1 percent get questioned. According to Kiplinger.com, there’s no sure way to avoid an IRS audit, but they’ve suggested a number of red flags that could increase the likelihood the taxman will give your return more scrutiny. Here are some key ones:

• Running a small business.  If you run a cash-intensive business (say a bar or hair salon), or are self-employed, the IRS will be more likely to scrutinize you than other types of businesses. According to Kiplinger, the IRS thinks it can get more bang for its audit buck by examining S corporations, partnerships and LLCs.
• Making a lot of $$$.  There’s one in 10 odds of being audited if income is $1 million or more.
• Failing to report all taxable income. The IRS gets copies of all 1099s and W2s you receive, so make sure you report all your required income on your return. A discrepancy sends up a red flag and causes IRS computers to spit out a bill.
• Taking higher-than-average deductions.  If deductions on your return are disproportionately large compared with your income, the IRS may pull your return for review. However, if you have proper documentation, don’t be afraid to claim a deduction.
• Reporting large charitable contributions. If your charitable deductions are disproportionately large compared with your income, it rasises a red flag.
• Big deductions for business meals, travel and entertainment. These kinds of deductions are always ripe for an audit, whether taken on Schedule C by a business owner or Schedule A by employees. Agents are on the lookout for personal meals or claims that don’t satisfy strict substantiation rules.

As a general rule of thumb, I am always mindful of some sage advice I once got from an accountant who told his clients:  “It’s OK to be a pig, just don’t be a hog,” he said, referring to taking liberties with your tax return.