Rise Up Financial Resources

Today we remember those we've loss to cancer and support those that are here with us battling this disease. Let's beat cancer together!

Read this and then re-read this!!!

I'm not sure where you get your information from, but please know that:
1.) The IRS will not file a return for you. If anything you'll get penalized for not filing and that's what gets you into trouble.
2.) Your accountant or tax preparer is NOT liable for any mistakes. Once your tax return has been transmitted to the IRS, you the taxpayer will receive a letter in the mail stating the problem that has been found.
3.) Anyone can get audited regardless of their AGI (adjusted gross income). There is no rule or threshold that alerts the IRS to audit you.
4.) Times have changed. Many taxpayers have opted to work from home due to personal reasons or their job has transitioned them to work from home. Again, this does not warrant a guaranteed IRS audit. But at least make it make sense if you'll be claiming a home office deduction. Provide the necessary proof that is required for you to claim this deduction.
5.) Pets can actually be claimed as a dependent if and only if the pet creates a stream of income. For example, dogs that have been registered with a kennel and are bred and sold.
6.) Actually illegal activity is taxable...it's considered earned income. For example, if you've acquired stolen merchandise and then sold it for profit, the IRS is requiring you to report that as income and should be file on a schedule 1 with your 1040.

For more tax tips visit www.riseupfinancialresources.com or call us at 855.9.RISEUP!