Former IRS Agents can definitely help and assist you to audit proof your tax return.

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After preparing, reviewing and auditing thousands of tax returns it is easy to spot a tax return that will be earmarked for a IRS tax audit.

There is several keys a trained eye will look for.

The basic rule, does the tax return makes sense?  IRS when auditing a tax return will review bank statements, cost of living, financial statements and of course the tax return itself, there should be a common link with the aforementioned.

If you would like former IRS Agents to prepare your tax return and give you your very best chance to audit proof your tax return, call us today. 1-866-700-1040.

Miscellaneous Deductions:

If you are able to itemize your deductions on your tax return instead of claiming the standard deduction, you may be able to claim certain miscellaneous deductions.

A tax deduction reduces the amount of your taxable income and generally reduces the amount of taxes you may have to pay.

Here are some things you should know about miscellaneous tax deductions:

Deductions are subject to the 2 Percent Limit.

You can deduct the amount of certain miscellaneous expenses that exceed 2 percent of your adjusted gross income. Deductions subject to the 2 percent limit include:

a. Unreimbursed employee expenses.

Such as searching for a new job in the same profession, certain work clothes and uniforms, work tools, union dues, and work-related travel and transportation.

Tax preparation fees.
Other expenses that you pay to:
1.Produce or collect taxable income,
2.Manage, conserve, or maintain property held to produce taxable income, or
3.Determine, contest, pay, or claim a refund of any tax.

Examples of other expenses include certain investment fees and expenses, some legal fees, hobby expenses that are not more than your hobby income and rental fees for a safe deposit box if it is not used to store jewelry and other personal effects.

Deductions Not Subject to the 2 Percent Limit.

The list of deductions not subject to the 2 percent limit of adjusted gross income includes:

1. Casualty and theft losses from income-producing property such as damage or theft of stocks, bonds, gold, silver, vacant lots, and works of art.
2. Gambling losses up to the amount of gambling winnings.
3. Impairment-related work expenses of persons with disabilities.
4. Losses from Ponzi-type investment schemes.
5. Qualified miscellaneous deductions are reported on Schedule A, Itemized Deductions.

Keep tax records of your miscellaneous deductions to make it easier for you to prepare your tax return when the filing season arrives.

Income Tax Preparation – Former IRS Agents – Audit Proof your TAX RETURN – Get the most out of Miscellaneous Deductions