TeePee4Prez
Flyers2004
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Posts: 10,479
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« on: January 16, 2012, 08:14:35 PM » |
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I agree with jmf. If it's 3rd party verified, such as a W-2, 1098, or 1099, be honest, it's in the system. No fooling around here. If it's out of the ordinary such as
- Charitable contribution > 25% of AGI
- Travel, meals, entertainment > 30% of gross receipts
(figures generally speaking. Don't quote me on this)
... or anything excessive for your type of business, then provide receipts! Audits are higher for higher income taxpayers, but every bracket has been audited by either a Revenue Agent or an "office audit." The IRS has a system that checks for unusual items and pulls cases for agents/office auditors based on certain criteria. It changes frequently.
Also, if you get audited. Don't be stupid and volunteer unnecessary information. You could be in more hot water than you could be.
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