Tax Free Income Funds
Facing mounting deficits and not possessing the ability to curtail spending, the U.S. federal government is under enormous pressure to collect all outstanding tax funds. While filing a return properly usually does not not raise any red flags to trigger an audit, the IRS increasingly has been selecting taxpayers at random to find any possible discrepancies and additional tax revenues.
Some of the most honest mistakes can result in a letter from the IRS. Common mistakes include incorrect math, forgetting to sign the return, incorrect social security numbers and a mix-up in claiming dependents.
Serious Tax Return Mistakes
Some of the more serious issues include:
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