http://thepennysaved.com/2008/02/26/guilty-until-proven-innocent-avoiding-a-tax-audit/ Personal Finance, career, investing, retirement, saving and debt blog Tue, 06 Jan 2009 04:35:35 +0000 http://wordpress.org/?v=2.3.3 http://thepennysaved.com/2008/02/26/guilty-until-proven-innocent-avoiding-a-tax-audit/#comment-641 The Penny Saved Personal Finance Site » Blog Archive » Tax Audit Survival - Tax man cometh Wed, 12 Mar 2008 18:08:18 +0000 http://thepennysaved.com/2008/02/26/guilty-until-proven-innocent-avoiding-a-tax-audit/#comment-641 [...] every year, but most audits are directed at high income tax payers. I have an entire article on risks of being audited but I will go back over a few [...] […] every year, but most audits are directed at high income tax payers. I have an entire article on risks of being audited but I will go back over a few […]

]]> http://thepennysaved.com/2008/02/26/guilty-until-proven-innocent-avoiding-a-tax-audit/#comment-425 Seb Tue, 26 Feb 2008 23:19:35 +0000 http://thepennysaved.com/2008/02/26/guilty-until-proven-innocent-avoiding-a-tax-audit/#comment-425 Thankfully, we haven't been audited yet. But I still keep five years of tax records like a good little boy just in case it happens. Thankfully, we haven’t been audited yet. But I still keep five years of tax records like a good little boy just in case it happens.

]]> http://thepennysaved.com/2008/02/26/guilty-until-proven-innocent-avoiding-a-tax-audit/#comment-424 Mrs. Micah Tue, 26 Feb 2008 18:47:40 +0000 http://thepennysaved.com/2008/02/26/guilty-until-proven-innocent-avoiding-a-tax-audit/#comment-424 Well, the good news is that the average AGI in my area is around $30,000. So it won't be suspicious when I report something even lower. The first 4-5 months of the year, I was a college student working for just above minimum wage. I don't know how to make my tax forms reflect that. But it's ok, since it's not a high-income area. :) Well, the good news is that the average AGI in my area is around $30,000. So it won’t be suspicious when I report something even lower. The first 4-5 months of the year, I was a college student working for just above minimum wage. I don’t know how to make my tax forms reflect that. But it’s ok, since it’s not a high-income area.

]]> http://thepennysaved.com/2008/02/26/guilty-until-proven-innocent-avoiding-a-tax-audit/#comment-423 Taxes » Guilty until proven innocent - avoiding a tax audit Tue, 26 Feb 2008 18:40:23 +0000 http://thepennysaved.com/2008/02/26/guilty-until-proven-innocent-avoiding-a-tax-audit/#comment-423 [...] The Penny Saved Personal Finance Site wrote an interesting post today on Guilty until proven innocent - avoiding a tax auditHere’s a quick excerpt … ou whether the proper amount of tax was paid…. I am not just speaking ethically because businesses report to the IRS as well and so when they send you that tax form in the mail, its not for nothin…. the IRS has it too…. I really really really encourage the use of tax prep software, it completely eliminates math mistakes……. Oh except that there are a few details, such as, if they decide that you were purposely avoiding paying some taxes, you can go to jail. Thats right buddy, jail…. [...] […] The Penny Saved Personal Finance Site wrote an interesting post today on Guilty until proven innocent - avoiding a tax auditHere’s a quick excerpt … ou whether the proper amount of tax was paid…. I am not just speaking ethically because businesses report to the IRS as well and so when they send you that tax form in the mail, its not for nothin…. the IRS has it too…. I really really really encourage the use of tax prep software, it completely eliminates math mistakes……. Oh except that there are a few details, such as, if they decide that you were purposely avoiding paying some taxes, you can go to jail. Thats right buddy, jail…. […]

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