Your chances of being audited or otherwise hearing from the IRS escalate depending upon various factors, including your income level, the types of deductions or losses claimed, the business in which you're engaged and whether you own foreign assets.
1. Filing a Schedule C
Business income and expenses triples your odds of being audited. Not surprising when you consider that Schedule C filers are estimated to report only 57% of their income, totaling roughly $68 billion in unpaid taxes each year, acc...
It seems like we just said good-bye to 2015 and just like that, June 2016 is almost gone too! That means that very soon, almost 50% of 2016 will be history and we need to start focusing on the remaining 50% now.
Why all these percentages...you may ask? I’m sure many of you have made some sort of financial resolution for 2016 and if you are among the 20% who has NOT quit by now, this may give you a few ideas and inspiration to accomplish your financial rights.
Summer is here and Dominique DiPrima with KJLH Front Page & some listeners is leaving today to visit Ghana. They will be welcomed by my best friend Dawn Sutherland, the American unofficial ambassador to Kumasi!
Lots of great images, a few obsessions & interesting art & food.