0
You can be audited randomly for prior 3 tax years, however, there are some 'red flags' that will increase your chances of an audit.
- Low income / deduction ratio: the IRS will look at your income vs your deductions. If your deductions are proportionately higher than average considering your income, you may face an audit.
- Many dependants: if you consistently take several dependants, and every year they are different children, and you are claiming Earned Income Credit, you may be at higher risk for an audit.
- Any return with Earned Income Credit, Self Employment, Unusually high gains or losses from stock, or above average job/education expenses may face audit.
High Earned Income Credit / Low Income combination is the most common reason for review. However, many taxpayers get their returns pulled for 'review' and not an actual audit. in a review, the IRS simply digs a little deeper looking for inconsistencies compared to prior years. Most taxpayers don't even realize their return was ever reviewed prior to release of refund.
What else can I help you with?
Which us state contains the most forestland?
Most likely, Alaska.
What is the cost to the US Taxpayer for Bill Clinton to run around the country supporting his wife's run for President of the US?
It's not going to cost the U.S. taxpayer anything, unless they choose to support the Clintons and donate money themselves.
Is gundam coming back to the US?
most likely
Where is the US Embassy in Vietnam?
Most likely Hanoi.
Where is a volcano most likely to erupt in the US?
Hawaii.
Are the US allies with the UN?
Most likely the case
Does the US Tax Court hear civil cases?
Yes, the US Tax Court hears certain tax-related civil cases initiated either by the IRS or by the taxpayer. Civil cases in which the taxpayer is suing for a refund of overpaid taxes are heard in US District Court.
Do the taxpayer's pay for the families vacation and expenses of the President of the US?
yes for every thing
What US states sold the most cars in 2004?
most likely California
Which season of the year are hurricanes most likely to happen in the US?
Hurricanes are most likely to strike the U.S. in the summer and early fall.
Is a volcanic eruption most likely to occur on the east coast of the US?
No. The west coast is the most likely place for a volcanic eruption.
Which of these are most likely to be national emergencies in the US?
Tornadoes and hurricanes.
