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To: raybbr

One of the most overlooked things that get you audited is getting paid for work on a 1099 and either never getting the 1099 or forgetting to file it on you taxes.

Other things in this same category is investment returns, if you receive capital gains on a mutual fund and fail to file the 1099, you will get audited because the investment company will file one on their side.

That got my wife and I audited one time for just this reason.

I would think long and hard on any income you received that might not have been accounted for in your tax filing.


16 posted on 03/27/2024 3:06:49 AM PDT by srmanuel ( )
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To: srmanuel

I just had SS income, small amount from Fidelity and W-2 for part time job. Yet I am being reviewed.


47 posted on 03/27/2024 7:31:53 AM PDT by Engedi
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To: srmanuel

I only have one employer and took some cash from a 401k. Both were included. I don’t have any other sources of income.


60 posted on 03/27/2024 4:50:10 PM PDT by raybbr (The left is a poison on society. There is no antidote. Running its course will be painful. You )
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