Quote:
Originally Posted by HandballJim
If your doing just the standard deduction, and not itemizing a ton of bogus deductions...and your not making a million dollars a year I would not worry about it. The feds like to audit people who are making a lot of money...not the average joe making 50k.
That tuition credit will not change your return much...  |
I have to disagree Jim. I have done a few hundred returns personally over the last 2 years and have seen an increase in audits across the board (i own a tax business, well used to anyways).
Im not gonna tell you what to do man you got the mouse in your hand not me, you can fire off your return with turbotax and not think twice about it, but heres a little tip for you: You are claiming the most expensive credit the government has ever allowed on a wide scale(first-time homebuyers) your return WILL be reviewed by human eyes and if the tax theory doesnt make sense to them, well you know what comes next. And just because you dont recieve a letter this summer doesnt mean you not being audited. Then again you could slip through and go undetected. Good luck.