Found a nice list online tonight about some suggestions on how to avoid an audit. Of course being honest is the best policy ’cause the IRS can make your life very miserable if they want. So some things to watch:
Self Employed take notice. It should go without saying that certain jobs would attrack more attention - and the Self-Employed folks should use the upmost caution. Also those who have a large portion of their income as cash (servers, casinos, basketball tournament pool operators) is also of interest. Be careful.
Dead-beat moms. If you get alimony make sure you report it. Rumor has it the IRS now, sorry, marries couples’ claims of paid and received alimony.
Keep the money at home. Today’s connected world make it easy for over a million Americans to have offshore credit cards. Apparently people think they can hide money from the scrutiny of the IRS; while you might get away with that, you’ll likely get more noticed. And worse case scenario? Home Land Security thinks you up to something. Hello Camp G-bay!
As I always say, "be proactive rather than reactive"!
S. Raines, Sr. Financial Advisor/Tax Preparer
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