Charitable Contributions Archives - Page 5 of 9 - FREE Yourself from IRS Problems

Shamsey Oloko June 20, 2016 Charitable Contributions, Deductions 0

Documenting Charitable Contributions

Some deductions like charitable contributions are conducive to tax fraud. These tax-related events are subject to the utmost IRS scrutiny. Therefore, taxpayers are subject to very detailed rules which require them to produce a specified form of documentation as proof…

Shamsey Oloko June 8, 2016 Business Expenses, Charitable Contributions, Deductions, Expenses Deductions, Moving Expenses, Ordinary and Necessary Expenses 0

When, If Ever, Can I Deduct Pet-Related Costs?

Believe it or not, there are some pet-related expenses which may be deducted from your taxes. Here is a summary of such expenses. And you thought all you were ever going to get out of this relationship was love, affection,…

Shamsey Oloko May 12, 2016 Audit, Business Expenses, Charitable Contributions, Civil Liabilities, Civil Penalties, Collection Activities, Criminal Liabilities, Deductions, Earned Income Tax Credit (EITC), Fraudulent Return, Home Office, Income Tax, Representation, Tax Evasion, Tax Fraud, Tax fraud & evasion, Taxable Income 0

Red Flags That Attract IRS Auditors

People typically think that the amount of their income is the biggest red flag that attracts an IRS auditor, and they would probably be right. But what are some of the other items on a tax return that may attract…