Legacy Tax & Resolution Services

High-Risk Tax Audit Areas Related to Unreported Alimony

Check out the other audit risks

Income Risk    Large Itemized Deductions     Unreported Income

Rental Income           Self-Employment          Home Office

Unreported Alimony     Automobile Expenses

High-Risk Tax Audit Areas Related to Unreported Alimony

High DIF

IRS computers compare all tax returns to the national Discriminate Information Function (DIF) system average. The IRS calculates the DIF score by using a closely-guarded formula. Tax returns with the highest DIF scores are scrutinized by experienced IRS examining officers who determine which tax returns provide the best chance for collecting additional taxes, interest, and tax penalties.

Not all taxpayers report alimony receipts as taxable income. Therefore, the IRS now matches tax deductions for alimony payments by one former spouse with the taxable alimony income reported by the other.

Defend Yourself!

You are entitled to take every tax deduction that you qualify for and you should never be scared by the potential of an IRS tax audit. You must use common sense when making decisions about deductions and hire a qualified CPA to help you through the minefield of taxes

Share this post with your loved one!

Facebook
Twitter
LinkedIn

Leave a Reply

Your email address will not be published. Required fields are marked *

Categories