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FYI - IRS plans to audit 1 in 44 returns


I don't usually pass along this kind of information, but it was very helpful to me. An accountant friend of mine emailed me with this:

IRS plans to audit 1 of 44 returns this year to help fund stimulus...targets are:

  • EITC,?Earned Income Tax Credit,?
  • Schedule C, ?independent small business on the 1040, ?
  • Schedule E, ?rental income property?and?
  • Form 2106, unreimbursed employee expenses.

Thought you'd like to know! -----