Minimize your auditing chances
As we finish the year end and head towards tax season, many always worry about getting audited.
No letter from the IRS arrives without much trepidation and a little fear.
When reviewing your return, if you can try and keep your deductions close to the average for your tax bracket, it will help minimize your chances of being audited.
The chart shows some typical deduction amounts.
Although there is never a guarantee of not being audited, trying to not be two standard deviations outside the norm is always good advice.
No letter from the IRS arrives without much trepidation and a little fear.
When reviewing your return, if you can try and keep your deductions close to the average for your tax bracket, it will help minimize your chances of being audited.
The chart shows some typical deduction amounts.
Although there is never a guarantee of not being audited, trying to not be two standard deviations outside the norm is always good advice.
posted by Anonymous at 6:05 AM
1 Comments:
Dr. Dan,
I have read your comments for a couple of years on this blog and sense frustration with the system in a lot of areas, taxes, medical insurance, etc..... Do yourself a favor and go to Ron Paul's website and listen to his take by going to his issues section and listening to his ideas on several topics. He's the only candidate who wants to run the country according to our constitution and I feel that if the founding fathers where still around he would be their candidate. Nuff said.
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