May 23, 2008

Taxes: Your Odds for an Audit

Taxes: Your Odds for an Audit

 

If you've already filed your taxes this year, and are now relaxing for another year, don't get too comfortable just yet. Seems the IRS is now auditing more taxes than ever, and the number is only expected to get larger in the future.

 

Being rich has some fairly obvious advantages. But there are also drawbacks. For example, this time of year when a big income may mean bigger odds of an audit.

 

Money Editor Stacy Johnson takes a look at your odds of an audit in this short video. (Clip runs 1:16)

 

 

Do you worry about an audit on your taxes? Do you use an accountant thinking that might save you from getting that dreaded audit letter? We'd love to hear your opinion on this. Use the comment link below to tell us what you think.

 

 

 

Remember, TJ Lamb Real Estate is a real estate company providing the highest quality service for homebuyers seeking real estate throughout the greater Kansas City area, including all of Johnson County Kansas. To search for Kansas City real estate now, simply click the "Search for Kansas City Real Estate" link at the top or bottom of this page.

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