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Thanks. Well I have a feeling I'm going to get audited this year simply because I'm a student and last year I only made 10k and now this year I've made at least 10x as much.
If I happen to get audited by the IRS and for some reason they find it sketchy that say I bought a 50,000 car and the rest of my income was expensed with supplies I have for my business (all documented with receipts etc) , are they able to summon my bank records and see all of my bank deposits / withdrawals? I'm worried because this is going to make a HUGE mess for me considering I have tons of bank transactions due to the nature of my business. This is my last query.