AVOIDING IRS AUDITS

No one wants to see an IRS auditor arrive at your door. There are a number of red flags that may trigger an audit. One of them is discrepancies between ex-spouses reporting on their tax returns. When divorced spouses prepare individual tax returns, the IRS compares the separate submissions to identify instances where alimony payments may be deducted on one return, while alimony goes unreported on the contra party’s return. Another common trip wire is when both former spouses claim the same dependents. Stay tuned for some more ” red flags”.

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