Are you cheating on your taxes?

By
Education & Training with Number Cruncher LLC

At Number Cruncher LLC we like to educate taxpayers to help them avoid an audit.  The IRS does not take cheating on tax returns lightly.  Sometimes you may not even realize you are cheating on your taxes.

 

Below are 8 ways you may be cheating on your taxes without realizing it:

 

  1. Not reporting ALL of your taxable income
  2. Not reporting tips received
  3. Paying household employees under the table
  4. Overestimating the value of charitable donations
  5. Deducting your time and travel expenses for volunteer work
  6. Deducting expenses for a hobby
  7. Not reporting gambling winnings
  8. Deducting child support and volunteer payments to your ex as Alimony

Be sure to visit with your tax preparer if you have questions about deducting or not deducting items.

 

The focus of our practice is helping individuals and businesses resolve their IRS tax problems in the Las Vegas, Nevada, St. George, Utah areas, and elsewhere.  If you or someone you know is dealing with IRS problems, contact me at 702-469-9426 or candy@numbercruncherllc.tax.

 

 

 

Comments (16)

Shayne Stone
Champion Real Estate Group - Missouri City, TX
"Your Rock Solid Choice Realtor"

Great information!  Thanks for sharing and have a wonderful day!

Jun 24, 2021 10:31 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Candy,  knock on wood, I do not think I cheat on my taxes if anything some time i miss some expenses.

 

Jun 24, 2021 10:33 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Candy,

We are all about peace of mind, and we turn over everything to our accountant...A

Jun 24, 2021 10:41 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Candy, glad to say, I send my info to my CPA, but do not do any of these!

Jun 24, 2021 11:22 AM
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

Good advice CANDACE (Candy) STEVENS, EA . I've know some good people whom were destroyed by IRS audits. I keep every receipt and I give it all to a CPA.

Jun 24, 2021 11:55 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

It's good for everyone to know what they can and cannot do. 

 

Enjoy your day!

Jun 25, 2021 04:51 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

No cheating here, Candy. Not worth the risk of an audit. Our accountant keeps us on the straight and narrow but always provides excellent information as to what is legally deductible.

Jun 25, 2021 05:19 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Candi! We are real estate agents. We never cheat on ouor taxes.

 

Jun 25, 2021 09:14 AM
CANDACE (Candy) STEVENS, EA
Number Cruncher LLC - Overton, NV
Helping Taxpayers Resolve IRS problems

Good morning Shayne Stone.  I hope you found the information helpfule.  

You have a happy day!

Jun 29, 2021 09:34 AM
CANDACE (Candy) STEVENS, EA
Number Cruncher LLC - Overton, NV
Helping Taxpayers Resolve IRS problems

Rocky Dickerson, I believe you are a totally honest person and would never cheat on anything!  :)

Have a happy day!

Jun 29, 2021 09:34 AM
CANDACE (Candy) STEVENS, EA
Number Cruncher LLC - Overton, NV
Helping Taxpayers Resolve IRS problems

Hello Nina Hollander, Broker.  I am happy that you have a good accountant that keeps you honest with the IRS.  No it is not worth it to be in trouble with the IRS!

Have a Happy Day!

Jun 29, 2021 09:35 AM
CANDACE (Candy) STEVENS, EA
Number Cruncher LLC - Overton, NV
Helping Taxpayers Resolve IRS problems

Hello Kat Palmiotti.  I believe knowledge is power.  The more taxpayers know what they can and can't deduct, the better off they are in the long run.  If they don't want to know, they should hire someone who does.

Have a Happy Day!

Jun 29, 2021 09:36 AM
CANDACE (Candy) STEVENS, EA
Number Cruncher LLC - Overton, NV
Helping Taxpayers Resolve IRS problems

Hello Bob "RealMan" Timm.  I bet that was hard to watch those people go through an audit with the IRS.

I am glad you learned from them and keep your receipts!

Have a Happy Day!

Jun 29, 2021 09:38 AM
CANDACE (Candy) STEVENS, EA
Number Cruncher LLC - Overton, NV
Helping Taxpayers Resolve IRS problems

Good Morning Will Hamm.  I can't see you cheating on anything!  

Have a Happy Day!

Jun 29, 2021 09:40 AM
CANDACE (Candy) STEVENS, EA
Number Cruncher LLC - Overton, NV
Helping Taxpayers Resolve IRS problems

Good Morning Ron and Alexandra Seigel.  Peace of mind is important, esp when it comes to the IRS!

Have a Happy Day!

Jun 29, 2021 09:43 AM
CANDACE (Candy) STEVENS, EA
Number Cruncher LLC - Overton, NV
Helping Taxpayers Resolve IRS problems

Hello Joan Cox.  Good for you for trusting your CPA to take good care of you!

Have a happy day!

Jun 29, 2021 09:44 AM