Comments on: Five Red Flags That Might Trigger an IRS Audit http://www.fivecentnickel.com/2006/02/23/five-red-flags-that-might-trigger-an-irs-audit/ personal finance tips, tricks, and commentary Mon, 13 Feb 2012 18:22:18 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: carolyn http://www.fivecentnickel.com/2006/02/23/five-red-flags-that-might-trigger-an-irs-audit/comment-page-1/#comment-116400 carolyn Sat, 12 Apr 2008 18:42:03 +0000 http://www.fivecentnickel.com/2006/02/23/five-red-flags-that-might-trigger-an-irs-audit/#comment-116400 do NOT e-file the irs, like all gov't agencies, has a preset budget. e-filing saves the irs money that they can use in ways that may not benefit the tax payers. sending in a paper return cost the irs more money. why do you think the irs has so many "benefits" to e-file? do NOT e-file

the irs, like all gov’t agencies, has a preset budget. e-filing saves the irs money that they can use in ways that may not benefit the tax payers.

sending in a paper return cost the irs more money. why do you think the irs has so many “benefits” to e-file?

]]> By: Dan http://www.fivecentnickel.com/2006/02/23/five-red-flags-that-might-trigger-an-irs-audit/comment-page-1/#comment-2062 Dan Tue, 28 Feb 2006 22:00:06 +0000 http://www.fivecentnickel.com/2006/02/23/five-red-flags-that-might-trigger-an-irs-audit/#comment-2062 E-filing makes it easier for the IRS both to see if you have red-flag behavior and to see if you don't. If anything at all is funny about your return, your likelihood is greater that they'll notice if you e-file. That said, my brokerage screwed up my 1099-B this year (by their own admission), so the cost basis on my return doesn't match their number, and yet I still e-filed. However, I've got the records to back it up if they ever ask why. E-filing makes it easier for the IRS both to see if you have red-flag behavior and to see if you don’t. If anything at all is funny about your return, your likelihood is greater that they’ll notice if you e-file.

That said, my brokerage screwed up my 1099-B this year (by their own admission), so the cost basis on my return doesn’t match their number, and yet I still e-filed. However, I’ve got the records to back it up if they ever ask why.

]]> By: Matt http://www.fivecentnickel.com/2006/02/23/five-red-flags-that-might-trigger-an-irs-audit/comment-page-1/#comment-1978 Matt Fri, 24 Feb 2006 11:23:28 +0000 http://www.fivecentnickel.com/2006/02/23/five-red-flags-that-might-trigger-an-irs-audit/#comment-1978 The IRS is specifically encouraging people to e-File. One doubts they'd do that, if they considered e-Filing to be per se suspicious behavior. The IRS is specifically encouraging people to e-File. One doubts they’d do that, if they considered e-Filing to be per se suspicious behavior.

]]> By: nickel http://www.fivecentnickel.com/2006/02/23/five-red-flags-that-might-trigger-an-irs-audit/comment-page-1/#comment-1973 nickel Thu, 23 Feb 2006 19:16:34 +0000 http://www.fivecentnickel.com/2006/02/23/five-red-flags-that-might-trigger-an-irs-audit/#comment-1973 Yeah, I think the message from this article is that if you're going to cheat on your taxes, do so with caution. The only real thing to think about here is whether or not to file electronically... But then there's disagreement on that point. Yeah, I think the message from this article is that if you’re going to cheat on your taxes, do so with caution. The only real thing to think about here is whether or not to file electronically… But then there’s disagreement on that point.

]]> By: jim http://www.fivecentnickel.com/2006/02/23/five-red-flags-that-might-trigger-an-irs-audit/comment-page-1/#comment-1972 jim Thu, 23 Feb 2006 18:57:37 +0000 http://www.fivecentnickel.com/2006/02/23/five-red-flags-that-might-trigger-an-irs-audit/#comment-1972 I don't worry about things like this because you shouldn't let it alter your behavior. Now someone out there is going to NOT donate money because they think they'll be audited. I don’t worry about things like this because you shouldn’t let it alter your behavior. Now someone out there is going to NOT donate money because they think they’ll be audited.

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