 About how much money can you get in my income tax return if I donate a car? |
| I heard, and i've seen many advertisings about donating cars even while i'm driving.. the thing is that i have this other car, which needs a few repairs, but i wouldn't want to spent ... |
|
 Going on unemployment? |
| i havent worked in 6 months and was wondwering if i should get on unemployment. i goto school, i made about 6k last year from working and i was wondering if this would affect anything in my life ... |
|
 Child benifit? |
| me and my partner want a baby but he works full time and earns 15k i earn a little less and would like to stay off work for as long as possible to start with how much money if any would we be ... |
|
 Do we really need to raise taxes? |
Wouldn't it be a lot better if Congress just learned how to spend less?
I think they should just drop all the subsidies for a year then decide who really needs them. This would save ... |
|
 Do you smoke ? If so help.? |
| Did you know by January 1, 2008 , Cigarette's are going to take a $6.10 a carton tax hike? State and Federal cigarette taxes have been raised 73 times since the year 2000- increasing the average ... |
|
 I want to file my own tax return at age 14...? |
| but my parents say that I can't be on two different tax returns.If I file my own tax return can they still claim me on their return?... |
|
 Was the 16th amendment ever ratified? I don't think so.... There should be no law to pay INCOME taxes.? |
It's a direct tax, not apportioned.
Interestingly, I've been immediately jumped on and tagged a "tax protester".
Perhaps I just follow the constitution.
... |
|
 Got an email from the IRS, how do I know it's legitimate? |
The email says I'm entitled to a refund and then wants me to click on this link: http://www.bertorotta.it
This looks like a spoofing attempt to me, does anyone ... |
|
 My mother died owing the IRS. The estate does not have enough $ to pay debt. Do heirs inherit the debt? |
| My grandfather died in 1997. My mother received her share of the estate in 2005. She then died in 2006. She had given away 80% of the cash she inherited before paying any estate taxes. The ... |
|
| Income tax does nor exist 4me. have never, ever paid a flippin' cent 4'ncmtx. what's in stock 4me, jail? |
i wouldn't mind serving time in jail as long as the chow is good and i ain't 2work 2hrd and i have some kind on relaxation on
week-ends..... |
|
 Stimulus check, how you spending? |
| I'm so happy it paid off my husbands CC, and our regular return this yr paid off mine, with the cost of fuel, food and etc going up, up away it'll help. But we were smart and cut up the ... |
|
 If the IRS was abolished how much danger are accountants in? |
I'm going to school to be an accountant, But I'm also supporting Ron Paul (You know, beacuse I care about America and Freedom)
But if He started working to abolish the IRS and ... |
|
 I received a letter rom the UK lotteries that I won a cool million bucks. Ok, I know wta u're thinking.? |
| These people hv not asked me for any 'fees' or anything but hv accepted my suggestion to allow me to come over to the UK to collect the prize myself. So, what do u think? Shoud I go or not?... |
|
|  |
VerdeOjos | How likely is it to get audited by the IRS? |
I ask because I am self employed and have to keep receipts for EVERYTHING. My mom is always ragging on me because you "never know when you could get audited" because I haven't been the greatest at saving every single receipt... But I've never heard of it happening. How likely is it? Thank you
Additional Details
TIM... not likely, what's that supposed to mean? I've had the same accountant for six years and we write everything down, go over everything, and guess what I PAY 1,840 IN TAXES EVERY THREE MONTHS!!! I'm asking a serious question... |
 |
 
T H
|
For every line on every tax return, the IRS has statistical data for every type of business in every region of the U.S. They already have an expectation of a "normal range" for your particular gross income. If anything appears to be excessively out of that range-that's a flag for an audit.
If you file schedule C-that's a flag for an audit.
If you claim a home based business-flag for an audit.
If you have large amounts claimed for charitable donations-flag for audit.
All-in-all, the IRS only audits probably between 2 1/2 & 5% of the filing population.
The chances of getting audited are slim, but by fitting into some of those strange categories, you increase your chance.
The IRS has hired over a thousand new auditors this year, so the number of audits will increase in 2007.
Your mother is correct...save your receipts, because if you do get audited, you MUST have them-the auditor can disallow every amount you cannot verify. |
|
mia2kl2002
|
What I've read is that you are more likely to get audited if you have any single figure that is way higher or lower than normal for your income level.
My inlaws had 13 children and they got audited because of that. They had to produce birth certificates, etc. This was many years ago, and I think an IRS official even came to their house to see if they really had that many children...LOL.
Just watch for higher-than-normal amounts. That increases your likelihood.
My husband and I have never been audited, in 35 years.
We are very average people with normal amounts on most lines. |
|
terrydbouvier
 |
I'm self-employed at I just got audited a couple months ago. It turns out I made a typographical error in recording one of my stock trades in Jan 2004. It took 2.5 yrs for them to catch the error, but their computer finally caught up with me. They sent me a bill for $32,000 stating if I could not prove I had made a legitimate error, I would have to pay the full amount within 30 days. I fixed up my error, sent in the corresponding original documentation and recalculated everything and it turned out they owed me $42. They just sent the check last week.
The point is, they can go back up to 6 years and audit your returns so unless you want to live in paranoia for the next 72 months, I'd suggest doing your taxes as though Uncle Sam was looking over your shoulder. And keep your receipts since the burden of proof remains with the tax filer, not the government. |
|
I SLEEP TO DIE.
 |
They audit 1 in 32,484 |
|
hopetohelpyou
 |
I think self employed people are more likely to get audited, but as long as you are being completely honest, and it sounds like you are, you should have no problem. But it sounds like you need to try and be more organized with your receipts because it is not fun if you do get audited and all things do not add up. It's pretty tough to get everything straightened out. But I would think if you are paying a lot in taxes and it looks like you are not trying to cheat the government, they would not pick on you. |
|
aries4272
|
NOW,I'd say it's very likely |
|
34th B.G. - USAAF
 |
I don't know the exact figure - but the IRS works on a formula and you are "IT"!! You are self-employed - young - single (?) and they haven't audited you yet? You appear to raise every "flag" they have to target who gets audited. Listen to your Mom - she's right. If you don't have a receipt you're in trouble. I don't mean criminal trouble unless you're attempting to defraud - I mean you'll have to pay tax and penalties (that's the BIG one) on everything you can't prove.
LISTEN TO YOUR MOM!!
Think of all the Accountant's fees you'll have to pay, too...
MOM'S ARE RIGHT!! |
|
Jack P
|
It may change with more electronic filing but they dont come after people unless they make over 6 figures without paying much in taxes. |
|
tim d
|
how likely are u to misstate your earnings and make them audit u. |
|
spudmustang
|
If you're rich, pretty likely. There's more at stake....and if you're a hooker or dancer because it's hard to prove your income. Believe me, I know! |
|
Shikibeeks
|
My best friend misstated her earnings and was audited which led to her bank account being frozen. Her funds have been frozen for 1 year come November. It affected her credit which caused her to have to live out of a hotel for almost two months, cause the house that she was leasing was being sold and she had to find another residence but due to the audit which caused negativity on her credit report she had a really hard time leasing another home this is why she ended up living out of a hotel for almost two months. I would not fuuuck with the IRS if I were you!! |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
11 | 4 minutes(s) ago
| | | |
11 | 11 minutes(s) ago
| | | |
11 | 50 minutes(s) ago
| | | |
11 | 1 hour(s) ago
| | | |
11 | 4 hour(s) ago
| | | |
11 | 5 hour(s) ago
| | | |
11 | 8 hour(s) ago
| | | |
11 | 9 hour(s) ago
| | | |
11 | 11 hour(s) ago
| | | |
11 | 2 day(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
