http://netvouz.com/lillymark/tag/red?feed=rss lillymark's bookmarks tagged "red" on Netvouz http://www.mytaxfiler.com/blog/red-flags-how-to-know-when-your-cpa-isnt-really-working-for-you/ There is a lot written about how financial planners get paid and how to avoid paying excessive fees, but not so much about CPAs. How do you know if you are being well represented or simply wasting your money? lillymark Wed, 28 Nov 2012 05:56:50 GMT http://www.mytaxfiler.com/blog/14-irs-audit-red-flags/ Short on personnel and funding, the IRS audits only slightly more than 1% of all individual tax returns annually. We expect the audit rate for 2013 to fall even lower as resources continue to shrink and even more employees are reassigned to identity theft cases. - See more at: http://www.mytaxfiler.com/blog/14-irs-audit-red-flags/#sthash.XkbZTquc.dpuf lillymark Mon, 17 Feb 2014 08:42:29 GMT http://www.mytaxfiler.com/blog/4-irs-audit-red-flags/ Short on personnel and funding, the IRS audits less than 1% of all individual tax returns annually. We expect the audit rate to fall even lower as resources continue to shrink and even more employees are reassigned to identity theft cases. - See more at: http://www.mytaxfiler.com/blog/4-irs-audit-red-flags/#sthash.grPnT6TW.dpuf lillymark Mon, 10 Mar 2014 07:27:44 GMT http://www.mytaxfiler.com/blog/5-slam-dunk-irs-audit-red-flags/ The IRS assigns a numeric value to each tax return known as a DIF score. Returns with a DIF score higher than a pre-specified number are flagged and sent to IRS regional examiners for further review and analysis. lillymark Fri, 17 Aug 2012 09:19:51 GMT http://www.mytaxfiler.com/blog/59-tips-for-the-self-employed/ Getting Started 1. Don’t operate as a sole proprietorship 2. Hire a professional bookkeeper 3. Outsource your payroll 4. Buy an accounting software package 5. Attend local new business owner courses 6. Don’t hire your relatives 7. Think twice 8. Don’t start a business just because you have a cool sounding name for it. lillymark Fri, 17 Aug 2012 09:42:50 GMT http://www.mytaxfiler.com/blog/freelance-an-irs-audit-may-be-in-your-future/ On that day, my wife and I received separate eight-page letters from the Internal Revenue Service informing us that we were being audited for the 2009 tax year. It was, to say the least, no cause for breaking out champagne and noisemakers. In fact, it seemed like a cruel twist: 2009 was the year I was laid off by the Chicago Tribune after 16 years of full-time employment. I then entered the freelance ranks, where I’ve remained ever since. lillymark Fri, 17 Aug 2012 09:51:31 GMT http://www.mytaxfiler.com/blog/insider-tips-the-most-common-reasons-tax-returns-get-audited/ For its Insider Tips From the Pros package, Kiplinger’s spoke with dozens of experts in fields ranging from college aid to travel to glean insights they apply to their own financial lives and share with their own family and friends. - See more at: http://www.mytaxfiler.com/blog/insider-tips-the-most-common-reasons-tax-returns-get-audited/#sthash.mKx76yef.dpuf lillymark Mon, 17 Feb 2014 09:45:49 GMT http://www.mytaxfiler.com/blog/irs-audit-red-flags-the-dirty-dozen-4/ The IRS audits only slightly more than 1% of all individual tax returns annually. The agency doesn’t have enough personnel and resources to examine each and every tax return filed during a year. lillymark Fri, 09 May 2014 09:28:08 GMT http://www.mytaxfiler.com/blog/irs-audits-of-individuals-reached-lowest-rate-since-2005/ The U.S. Internal Revenue Service audited 0.96 percent of individual tax returns in fiscal 2013, declining for the second straight year and reaching the lowest rate since 2005. - See more at: http://www.mytaxfiler.com/blog/irs-audits-of-individuals-reached-lowest-rate-since-2005/#sthash.bx2NyenK.dpuf lillymark Mon, 10 Mar 2014 09:16:02 GMT http://www.mytaxfiler.com/blog/irs-brass-tells-employees-to-not-investigate-tax-fraud-by-illegal-aliens/ According to a new Treasury Inspector General report, the IRS ignores illegal immigrants legal status and issues millions of taxpayer dollars in refund checks. The July 2012 report also said that IRS employees are encouraged to look the other way when it comes to investigating tax fraud committed by those residing in the country illegally. lillymark Fri, 17 Aug 2012 10:03:19 GMT