Navigation


RSS : Articles / Comments


IRS Audits

12:06 PM, Posted by Yigit, No Comment

If a person has a nightmare about finances, it is likely that the IRS is auditing. However, if you pay taxes regularly and honestly about their deposits there is no reason why you should be afraid of an audit. The IRS collects people with software that zeroes in May of individuals who have made a mistake in submitting their statements.

Normally, people are too high deductions from their income tax or incorrect items are more likely to face a tax audit. Although only 1.5 to 2 percent of all registrants are audited every year. The reason for the relatively low rate is the IRS simply does not have the staff to do the job. Think about it. There are hundreds of millions of tax returns filed every year!

One area that the IRS has not riled by the company on the loss of the claims is poor. The IRS looks for people with losses in business over the years. If you apply the loss of business each year, raises the question of how to stay in business. Fudge people in this area are really pose problems for IRS audits.

Also, if you have these things on the form of taxes, you can attract a tax:

• taxable income will undoubtedly attract the audit. For example, interest earned.
• It's complicated business expenses
• It is the cost of leasing.
• It has already been tested and proven guilty.
• If you are a partner or shareholder of a company audit.
• It is necessary to give a lot to charity.
• The self-employed have the greatest chance of claiming false deductions, so you are more likely to be audited.
• Deductions from the home office are open to control more often.
• If the mileage required is large enough to cause doubt.
• If you have not presented the food as part of taxable income.
• Some informants discharge from the IRS about you is an ex-spouse.

The good news is more IRS audits fall into the category of mail accounts. In fact, was audited last year. The IRS sent me a letter saying that I had sustained dividends of $ 60 from a securities lending and a small amount of taxes. I checked and the body was right. I paid the fee and that has been done. Incidentally, I do only evil deeds.

To avoid the audit of the IRS, you should be able to justify their claims. If you ask something that is rare, make sure you've received and other documents to support it. A good accounting allows.

No Comment