10 tax audit red flags

March 15, 2014

Be careful not to overstate your good deeds. The IRS has calculated the average donation level for each income range, so anything that far exceeds those amounts could cause the agency to take a second look at your return.

You're required to keep receipts for any donations exceeding $250, and to fill out Form 8283 for any non-cash donations exceeding $500.

And be realistic: non-cash donations are where a lot of people often exaggerate, so remember that the items you're giving to Goodwill should be valued at the price someone would actually pay for it — not the amount you bought it for years ago…read more
http://kimedia.blogspot.com/2014/03/10-tax-audit-red-flags.html


This post has been reshared 3 times on Google+
 View this post on Google+

Comments

  1. Reply  

    Kenneth Chow

    March 15, 2014

    Just filed my tax yesterday >> Got refund :-))) 

  12. Reply  

    Niranjan Patil

    March 15, 2014

    Good morning Jendhamuni today the color full festivel Holi in India……..well come for u.
             nice mothers love

Add a comment

Live & Die for Buddhism

candle

Me & Grandma

My Reflection

This site is a tribute to Buddhism. Buddhism has given me a tremendous inspiration to be who and where I am today. Although I came to America at a very young age, however, I never once forget who I am and where I came from. One thing I know for sure is I was born as a Buddhist, live as a Buddhist and will leave this earth as a Buddhist. I do not believe in superstition. I only believe in karma.

A Handful of Leaves

A Handful of Leaves

Tipitaka: The pali canon (Readings in Theravada Buddhism). A vast body of literature in English translation the texts add up to several thousand printed pages. Most -- but not all -- of the Canon has already been published in English over the years. Although only a small fraction of these texts are available here at Access to Insight, this collection can nonetheless be a very good place to start.

Major Differences

Major Differences in Buddhism

Major Differences in Buddhism: There is no almighty God in Buddhism. There is no one to hand out rewards or punishments on a supposedly Judgement Day ...read more

Problems we face today

jendhamuni pink scarfnature

Of the many problems we face today, some are natural calamities and must be accepted and faced with equanimity. Others, however, are of our own making, created by misunderstanding, and can be corrected...

Popular Posts