http://www.mint.com/blog/how-to/six-ways-to-avoid-the-dreaded-irs-audit/ The blog of the free, simple personal finance solution. Track all your spending automatically, find the best deals, save more money. And save the world. Sun, 12 Feb 2012 05:07:51 +0000 hourly 1 http://wordpress.org/?v=3.1.3 http://www.mint.com/blog/how-to/six-ways-to-avoid-the-dreaded-irs-audit/comment-page-1/#comment-48938 Mike Habib Mon, 24 May 2010 17:59:36 +0000 http://www.mint.com/blog/?p=2134#comment-48938 What are the chances of being examined? A total of 1,391,581 individual income tax returns were audited during FY 2008 (Oct. 1, 2007 through Sept. 30, 2008) out of a total of 137.8 million individual returns that were filed in the previous year. This works out to 1.0% of all individual returns filed (about the same as the audit rate for the preceding year). What are the chances of being examined? A total of 1,391,581 individual income tax returns were audited during FY 2008 (Oct. 1, 2007 through Sept. 30, 2008) out of a total of 137.8 million individual returns that were filed in the previous year. This works out to 1.0% of all individual returns filed (about the same as the audit rate for the preceding year).

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]]> http://www.mint.com/blog/how-to/six-ways-to-avoid-the-dreaded-irs-audit/comment-page-1/#comment-29799 Jacob Karma Fri, 20 Mar 2009 20:53:58 +0000 http://www.mint.com/blog/?p=2134#comment-29799 Excellent post, you certainly relieved some of my apprehensions. Excellent post, you certainly relieved some of my apprehensions.

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]]> http://www.mint.com/blog/how-to/six-ways-to-avoid-the-dreaded-irs-audit/comment-page-1/#comment-29600 Chris Thu, 12 Mar 2009 20:43:48 +0000 http://www.mint.com/blog/?p=2134#comment-29600 Under #6, you said declare all income, even if totals were under $600 from a single source. Is it worth the hassle of claiming, say, Google AdSense revenue that's less than $600 (assuming you have to then fill out a Schedule C and Schedule SE)? Under #6, you said declare all income, even if totals were under $600 from a single source. Is it worth the hassle of claiming, say, Google AdSense revenue that’s less than $600 (assuming you have to then fill out a Schedule C and Schedule SE)?

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