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To: HamiltonJay

I know a couple of Silicon Valley millionaires - they live quite lives, give back to the community and are not very politically active. Both get audited at least every other year. My FIL was a very successful contractor he used to get audited every year, the IRS usually owed him $$$$.


106 posted on 05/16/2016 10:45:57 AM PDT by mad_as_he$$
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To: mad_as_he$$
My FIL was a very successful contractor he used to get audited every year, the IRS usually owed him $$$$.

LOL, you would think they would get a clue. :-)

I discussed my audit above, but I'll add one detail: I intentionally didn't claim a tax credit because it was very small and it would have incurred more professional fees to dig up the details that were required.

The IRS agent noticed it, and asked. After accepting the explanation, he didn't amend my return. :-(

109 posted on 05/16/2016 10:55:43 AM PDT by justlurking
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To: mad_as_he$$

Exactly my point. The more money involved, and more complex the return, the higher the odds of audit, period. Trump like your friends and family is probably audited at least every few years, simply because of the complexity of the return and the amount of dollars involved.


123 posted on 05/16/2016 11:55:57 AM PDT by HamiltonJay
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