Tips On How To Avoid Auditing By The IRS
There are few things more stressful than filing your taxes, but there are five red flags the Internal Revenue Service looks for before they come knocking on your door, so you can hopefully avoid an audit.
There are a number of red flags the IRS looks for on your return that can increase your chances. Some of them you have control over, said Joy Taylor, a tax expert with Kiplinger. Others, like your income level, you don’t have control over.
“The percentage rate for the audit is higher for people who have higher incomes,” Taylor said.
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CFOs Expect Strong Growth In Year Ahead
Chief financial officers (CFOs) seem pretty optimistic heading into 2015, according to separate surveys by American Express and Adaptive Insights.
Seven in ten U.S. finance executives report that their companies’ revenues are higher now than a year ago, and U.S. finance leaders rank among the most optimistic in the world, with 83 percent predicting economic expansion. Finance executives’ confidence in the U.S. economy has grown each year for the last three years, and the current level represents a high-water mark for U.S. companies over the entire eight years of the survey. Read the full story.
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