Wednesday, February 11, 2015

The Fourth Reason

As taxpayers begin putting together the information for their 2014 returns, Time helpfully lists the "three things our experts say can make your tax return catch the IRS’ attention."
  • Claiming unusual deductions.
  • Contradicting your ex-spouse. [alimony paid by one must equal alimony received by the other)
  • Abusing business deductions.
  • Hey, Time, how could you forget the fourth reason your return was flagged? It's been all over the news.
  • Joining the Tea Party.

    The tax agency audited 10 percent of donors, much higher than the audit rate [less than one percent] for average Americans.
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