· Know when taxes are due, how to file taxes online and survive a tax audit. Your requirement to file taxes depends on your tax status. For 2017 taxes, single filers under age 65 must file taxes if they earn more than $10,400. Filers under 65 who are married and filing jointly must file if they earn more than $20,800.
How to Avoid a Tax Audit – Credit.com – Tax audits by the internal revenue service scrutinize your tax return to verify information such as income and deductions, and they are never fun. How Can I Avoid a Tax Audit? Nobody enjoys having their personal tax and financial information put under a spotlight, and while the risk for an audit is typically low, it could always happen to you.
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IRS income audits down due to budget cuts – dBTechno – · The IRS, however, has said an audit would not prevent an individual from releasing the returns. Corporate audits were down by 17 per cent last year. Just 0.49 per cent of corporations were audited, the lowest rate in at least a decade.
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If you are unable to file your tax returns by the deadline you may file form 4868, Application for Automatic Extension of Time, and receive an extension of up to four months a. Automatically b. If you meet the IRS requirement c. Upon approval d. None of the above
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9 Red Flags That Could Trigger a Tax Audit | Taxes | US News – Audits aren’t terribly common: Only 0.6 percent of individual returns were examined in the 2017 fiscal year, according to the IRS. But filing your return completely, accurately and honestly can.
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Red Flags for IRS Auditors – kiplinger.com – Although there’s no sure way to avoid an IRS audit, these red flags could increase your chances of drawing unwanted attention from the IRS.
Income tax audits plummet as IRS loses agents to budget cuts – So is it safe to cheat on your taxes. it in refusing to release his tax returns. The IRS, however, has said an audit would not prevent an individual from releasing the returns. Corporate audits.