Wager Mage
Photo by Александр Прокофьев Pexels Logo Photo: Александр Прокофьев

How likely am I to get audited?

In recent years, the IRS has been auditing significantly less than 1% of all individual tax returns. Plus, most audits are handled solely by mail, meaning taxpayers selected for an audit typically never actually meet with an IRS agent in person. Also, increased audits won't happen overnight.

What is a good nickname for poker?
What is a good nickname for poker?

Is there a more apt poker nickname in the game? “Texas Dolly”, “Amarillo Slim”, and “Treetop” are just a few of the best poker player nicknames...

Read More »
What is the 2 hardest sport?
What is the 2 hardest sport?

Degree of Difficulty: Sport Rankings SPORT END RANK Boxing 8.63 1 Ice Hockey 7.25 2 Football 5.38 3 33 more rows

Read More »

As you're getting ready to file your tax return, you may be wondering about the chances that the IRS will audit your return. Your fear might be heightened, knowing that the Inflation Reduction Act passed last year gives the IRS $80 billion in extra funds over 10 years, with a large chunk of that money to be used by the agency for increased enforcement activities. Most people can still breathe easily, however, because the vast majority of individual returns escape the audit machine. In recent years, the IRS has been auditing significantly less than 1% of all individual tax returns. Plus, most audits are handled solely by mail, meaning taxpayers selected for an audit typically never actually meet with an IRS agent in person. Also, increased audits won't happen overnight. It will take the IRS time to hire experienced examiners and to train them to audit complicated tax returns. Most of the enforcement effects from IRS's $80 billion windfall won't be felt by taxpayers for at least a couple of years. But this doesn't mean it's a tax cheat free-for-all. The bad news is that your chances at the unenviable audit lottery escalate (sometimes significantly) depending on various factors, including the amount of income you report, the complexity of your return, the types and amounts of deductions or other tax breaks you claim, whether you're engaged in a business, or whether you own foreign assets. Math errors could also draw an extra look from the IRS, but they usually don't lead to a full-blown exam. The same goes for errors with refundable tax credits, such as the earned income credit and the refundable child credit. In the end, there's no sure way to predict an IRS audit, but these 19 audit red flags could certainly increase your chances of drawing unwanted attention from the IRS.

Why don't people bet on both sides?
Why don't people bet on both sides?

It can be difficult to find the right sportsbooks. Betting on both teams requires at least two different sportsbooks and the right (rare)...

Read More »
How do you tell if you've been IP banned?
How do you tell if you've been IP banned?

How Do I Know If My IP Is Being Blocked? To confirm you are blocked from accessing your server, you should try to log in to your web server, as...

Read More »

What is considered suspicious activity?

Suspicious activity is any observed behavior that may indicate pre-operational planning associated with terrorism or terrorism-related crime.

Suspicious activity is any observed behavior that may indicate pre-operational planning associated with terrorism or terrorism-related crime. With the help of the Nationwide Suspicious Activity Reporting (SAR) Initiative (NSI), the U.S. Department of Homeland Security has identified common signs of terrorism-related suspicious activity. Some activities could be innocent, but trained law enforcement officials can determine whether the behavior warrants further action. Remember: Factors such as race, ethnicity, gender, national origin, religion, sexual orientation, or gender identity are not suspicious. A cornerstone of the DHS mission is ensuring that people’s civil rights and civil liberties are not diminished by our security efforts, activities, and programs. As such, the DHS “If You See Something, Say Something®” campaign encourages the public to report only suspicious behavior and situations (e.g., someone breaking into a restricted area), rather than one’s appearance, to authorities.

Is 2022 a good time to build a house?
Is 2022 a good time to build a house?

Yes 2022 can still be a good time to build your custom forever home, despite rising costs and interest rates. Building your custom home is an...

Read More »
How can I get money immediately?
How can I get money immediately?

If you need to borrow money immediately, the most popular options are personal loans, cash advances online, payday loans, pawn shop loans, and...

Read More »
What is code 22 in hospital?
What is code 22 in hospital?

22. On Campus-Outpatient Hospital. A portion of a hospital's main campus which provides diagnostic, therapeutic (both surgical and nonsurgical),...

Read More »
What does EW 1 3 mean?
What does EW 1 3 mean?

The odds you get for the place part of your bet, whether for an each-way bet or to be placed bet, are known as 'place terms'. Place terms are used...

Read More »