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Tax Audits Related
To Personal Income
A tax audit to determine your correct income earned could be
by correspondence, office examination or by a field examination.
To avoid an audit to determine your "correct income"
you should consider the following steps:
A.
Report all W-2s received on your tax returns.
B.
Make sure that the total of the gross income on all W2 forms matches with your tax return.
C.
Make sure that you have reported on your tax returns all 1099INTs
for interest income earned or received.
D.
Make sure that you have reported on your tax returns all 1099DIVs
for dividends earned or received on your tax returns.
E. Make
sure that you have you reported on your tax returns all 1099Rs
received for distributions and rollovers from pension plans including
IRAs on your tax returns.
F.
Make sure that you have reported on your tax returns all W2Ps
for distributions and rollovers from pension plans including
IRAs on your tax returns.
G.
Make sure that you have reported on your tax returns all 1099Bs
for selling securities and investments on your tax returns.
H.
Make sure that you have reported on your tax returns all 1099s
for your gambling winnings on your tax returns.
I.
Make sure that you have reported on your tax returns all 1099Ss
for proceeds received from the sale of real estate.
K.
Make sure that you have reported on your tax returns all 1099Gs
for refunds of state income taxes.
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© 2011 TaxMattersOnline.Com
and Tax Matters, Inc.
(This firm is not a CPA firm. This firm is not a law firm.)
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