audit: What are the Chances that your Income Tax Return will be Audited? - 12/31/18 08:12 AM
For the vast majority of taxpayers, there is not much need to worry that you will be audited. In 2016, only 0.6% of individual income tax returns were audited according to the IRS 2017 Data Book. Why? For starters, the IRS budget has been cut resulting in more than 2,200 fewer agents available to audit returns. However, the “real” audit rate is closer to 7.o% as the IRS does not include the over 9.2 million notices that are questioning items on your client’s tax returns such as forgetting to include  a 1099-Misc form.  The IRS is relying more and more on technology  … (2 comments)

audit: Top 10 IRS Audit Red Flags - 12/31/18 07:23 AM
No one wants to pay more income taxes than they are required to, but be careful if you do your own taxes. Attempting to cut your tax liability by getting into IRS grey areas can cause you problems later on. You don't have to do anything unethical to get your return pulled for an audit, you just have to raise too many of these red flags. If you’re in the middle of an audit or owe back taxes, contact us in New Orleans, Louisiana to schedule a free Tax Debt Strategy Session.
1.   Making too much money. Sounds like a problem … (4 comments)

Dirk Danos CPA CTRS, Protecting taxpayer rights by finding affordable s (Tax Crisis Rescue )

Dirk Danos CPA CTRS

Protecting taxpayer rights by finding affordable s

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