Quote:
Originally posted by apetaster
Simple one...are there any basic guidelines for those who itemize re: what % of their income can be deducted as charitable giving without triggering audits (I've already filed for this year but can see a major loophole for cheats with this one - that and "home office" deductions.)
Thanks!
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You might search the internet. The Wall Street Journal publishes stats every year or so, and it might be widely spread around.
The IRS won't disclose the rules used to trigger audits (duh!) but some professions/tax forms are more likely to be audited. The two off the top of my head are Schedule C (self-employed) and attorneys.