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audit rates
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Pico Rico
Apr 5, 2012, 11:36:11 AM4/5/12
to
taxpayers with higher incomes face a greater likelihood of audit.
But, there must be further criteria. For example, is a high income taxpayer
with a lot of Schedule C income (or gross receipts) more likely that a
similar taxpayer with high dividend and interest income, or one with high
Schedule E income, etc?
--
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<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
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But, there must be further criteria. For example, is a high income taxpayer
with a lot of Schedule C income (or gross receipts) more likely that a
similar taxpayer with high dividend and interest income, or one with high
Schedule E income, etc?
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2011) - All rights reserved. >>
<< ------------------------------------------------------- >>
Bill Brown
Apr 5, 2012, 12:08:04 PM4/5/12
to
On Apr 5, 11:36 am, "Pico Rico" <PicoR...@nonospam.com> wrote:
> taxpayers with higher incomes face a greater likelihood of audit.
>
> But, there must be further criteria. For example, is a high income taxpayer
> with a lot of Schedule C income (or gross receipts) more likely that a
> similar taxpayer with high dividend and interest income, or one with high
> Schedule E income, etc?
>
Yes, Schedule C taxpayers face a greater chance of being audited,
> taxpayers with higher incomes face a greater likelihood of audit.
>
> But, there must be further criteria. For example, is a high income taxpayer
> with a lot of Schedule C income (or gross receipts) more likely that a
> similar taxpayer with high dividend and interest income, or one with high
> Schedule E income, etc?
>
particularly if the activity is losing money year after year.
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