Income Tax Audit - Only 1.5% of the Tax Payers Each Year Have to Endure This
Each year, there are about 1.5% of the American tax payers that will experience an Income Tax Audit in Pune or Gurgaon. The exact returns that are chosen are by a computer analysis of which ones are the most likely to have committed fraud by pre-determined tell tale signs. To avoid this from occurring to you, there are certain things you should avoid. The lower your income is, the lower your chances for an audit. This is true unless your income is dramatically decreased in the span of one year. This is one of the biggest key indicators that set off the computer logarithm. Many of them can easily be explained with the loss of a job or other income. Another type of warning factor is if your deductions are larger than what the IRS has preset as the correct level. Make sure you have records or do not deduct them. A loss from a tax shelter is a dead giveaway. The IRS looks at these very close. For those that work in a cash business like waiter, flea markets, or an online me...