Consumer

Bullet-proofing your tax return

Thursday, March 15, 2012

It's tax time again, and the last thing you want to worry about is an audit. If you earn less than $200,000 per year, your likelihood of being audited is about one in 100. Those odds go up significantly for certain types of taxpayers. People who have their own business and itemize deductions for home office, telephone, and business meals need to be extra careful.

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