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Old 02-06-2010, 10:00 PM  
HandballJim
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Join Date: Sep 2008
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Quote:
Originally Posted by tonyparra View Post
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.
Tony your a smart man, you are right regarding the 1st-time home buyers credit...yes there is no way they will not check to see if it is legit...cause they don't have money to waste. So you might not want to put any red flags on there. Also if they do audit you they will look at your previous returns.
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