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Monday, March 31, 2008

Location-based IRS Audits; The IRS is Watching Where You Live

Last Saturday, on the CNN show "Your $$$$$$" with Ali Velshi, a guest mentioned that you are more likely to be audited if your income doesn’t necessarily jive with your zip code. For example, if you are making well under the "statistical" minimum for your zip code, you have a greater chance of being audited. In general, the IRS audited 7% more returns last year. So, perhaps we are seeing a more "location intelligent" IRS.

by Joe Francica on 03/31 at 01:44 AM | Comments | Bookmark and Share

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