No one wants to get audited on their taxes. But making some
mistakes can almost guarantee that your tax return will get extra
attention from the IRS.
In the following video, Dan Caplinger, The Motley Fool's
director of investment planning, talks about the one thing you
need to be sure you do on your taxes: match up the figures on
your return to those that get reported directly to the IRS. Dan
notes that everything from wage income on W-2s to investment and
other income on 1099s goes directly into IRS computers, and if
your return fails to match up with those records, it can raise a
red flag that could cost you money in interest and penalties. He
also recommends checking tax withholding and other figures to
ensure you don't slip up with math errors that could get you
Take advantage of this little-known
Recent tax increases have affected nearly every American
taxpayer. But with the right planning, you can take steps to
take control of your taxes and potentially even lower your tax
bill. In our brand-new special report "
The IRS Is Daring You to Make This Investment
The IRS Is Daring You to Make This Investment Now!," you'll
learn about the simple strategy to take advantage of a
little-known IRS rule. Don't miss out on advice that could
help you cut taxes for decades to come.
Click here to learn more.
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