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Red flags for an IRS audit

Ever wonder why some tax returns are audited by the IRS while most are ignored? Well, there’s a whole host of reasons to this age-old question. The IRS audits only about 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. So the odds are pretty low that your return will be picked for an audit. And of course, the only reason filers should worry about an audit is if they are cheating on their taxes.

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However, the chances of you being audited or otherwise hearing from the IRS can increase depending upon various factors, including whether you omitted income, the types of deductions or losses claimed, certain credits taken, foreign asset holdings and math errors, just to name a few. Although there’s no sure way to avoid an IRS audit, you should be aware of red flags that could increase your chance of drawing some unwanted attention from the IRS. Here are the 12 most important ones:

You can follow the ‘via’ link above to go to the source and read the rest of the article if you’re interested in learning more about the 12 red flags…

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Brett Favre has never known how to let go

The Vikings fired Childress on Nov. 22, after a 31–3 home loss to the Packers. So in a sense Favre won his last standoff with a head coach. Soon, though, he will be out of a job as well. “I’ll be so glad when the year is over,” Bonita says, “because 10 years from now he’s gonna pay for this.”

She has reason to be concerned. Almost every part of Favre’s body has been listed on an NFL injury report: hand, neck, toe, hamstring, head, elbow, back, side, chin, thigh, shoulder, forearm, hip, ankle, heel. In the game after Irvin died, Favre played with a broken thumb on his passing hand. Once he was on crutches until Friday with a badly sprained his ankle. He played on Sunday.

Then there are the dozens of injuries that did not end up on an official report, more sprains and bruises and nicks and tweaks. This doesn’t even count the time he was wrestling with a teammate in college, caught his ankle in the bed frame and nearly broke it, or the pieces of him that have been removed: bone spurs and bone chips and 30 inches of intestine from a car accident in college.

Favre’s friends and family can’t imagine him putting on a coat and tie and goofing around on some TV network every week. He hates traveling, and those studios are usually in big cities. Once he’s done, he’s done: back to Mississippi for good.

“Brett Favre has never known how to let go”. Read all the current Favre news here

Nativity play gone wrong

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