# Using Multiple Bank Accounts: When It Raises IRS Questions

Page: https://stenobird.com/podcast/the-legal-podcast-network-6936259/using-multiple-bank-accounts-when-it-raises-irs-questions
Text version: https://stenobird.com/podcast/the-legal-podcast-network-6936259/using-multiple-bank-accounts-when-it-raises-irs-questions.md
Podcast: [The Legal Podcast Network](https://stenobird.com/podcast/the-legal-podcast-network-6936259)
Published: 2026-07-29T16:48:17+00:00
Episode link: https://thelegalpodcastnetwork.podbean.com/e/using-multiple-bank-accounts-when-it-raises-irs-questions/
Audio file: https://mcdn.podbean.com/mf/web/5vtq5wtyitpz7naq/Brian_Loughrin_Full_EP_2691iyv.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-legal-podcast-network-6936259/episodes/using-multiple-bank-accounts-when-it-raises-irs-questions
Duration seconds: 794

## Resource

In this episode of the IRS Debt and Audit Podcast, host LeAnn Lyon engages with seasoned tax attorney Brian Loughrin to explore the complexities of managing multiple bank accounts and how it may trigger IRS scrutiny. Brian, with over 25 years of experience, explains why the IRS pays closer attention to individuals and small business owners who maintain several bank accounts. He discusses the potential red flags that arise during audits, such as the appearance of hiding funds and the importance of keeping clear records. Brian offers practical advice on managing account transfers and the significance of maintaining separate records for personal and business transactions. The episode provides valuable insights into the IRS’s audit process, emphasizing the need for transparency and organization to avoid unnecessary complications. Listeners will gain a deeper understanding of how to manage their finances to minimize audit risks and ensure compliance.

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## Transcript

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