treydawgmt Wrote:
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> When Obama took office he basically said in a
> nutshell, "If you make less than $100K we're not
> going to audit you." That and as odd as your
> taxes may look to you they really are quite
> normal!
Obama doesn't run the IRS. (He just thinks he does.)
I'm going through a "letter audit" with a client who made only $77,000 and had a lot of medical and employee business deductions and charitable donations. (A letter audit is when the IRS sends you a letter asking for explanations or copies of your receipts, as opposed to coming to get them from you personally.)
She'll be mostly fine; we double deducted $100 in charitable donation due to confusion on a receipt, and she deducted some business gifts that were above the $25 per person limit. But of all the clients I have, she is probably the only one who has every receipt for everything she deducts, and it's in reasonable order. Just time consuming to recap it, copy it, and assemble it to send to the IRS.
Lesson for everyone here: save those receipts!
Time to build a bigger bridge.