The red flags for audits are publicized and can be researched by the taxpayer. I'm not a tax lawyer so I don't give tax advice but they can look them up themselves and make their own decisions.
Lakeshore Law Center
Jeffrey Wilens, Esq.
18340 Yorba Linda Blvd.
No. 107-610
Yorba Linda, CA 92886
714-854-7205
714-854-7206 (fax)
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From: vpFREE@yahoogroups.com <vpFREE@yahoogroups.com>
Sent: Wednesday, April 22, 2020 5:27 PM
To: vpFREE@yahoogroups.com
Subject: Re: [vpFREE] Stimulus check
Just curious ... have you dispensed the tax advice to clients that they might reasonably expect to avoid detection when omitting gross income revenue from their tax return?
-----Original Message-----
From: Jeffrey Wilens jeff@lakeshorelaw.org [vpFREE] <vpFREE@yahoogroups.com>
To: vpFREE@yahoogroups.com <vpFREE@yahoogroups.com>
Sent: Wed, Apr 22, 2020 7:09 pm
Subject: RE: [vpFREE] Stimulus check
Less than 1% of returns and even then they rely heaving on AI to identify problems. For example, you claim $40,000 in business income but you have a property tax deduction that is consistent with a $1.5 million dollar house. Obviously any discrepancies between 1099's and reported income can be detected by the AI as well. Apart from that, they are looking for very high income people for the most part, especially business owners.
Posted by: Jeffrey Wilens <jeff@lakeshorelaw.org>
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