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  2. 5 red flags that can trigger a tax audit from the IRS - AOL

    www.aol.com/finance/5-red-flags-trigger-tax...

    While the overall audit rate for 2018 was 0.6%, the chances of being audited was much higher for high-income earners. Taxpayers reporting income from $500,000 to $1,000,000 were almost twice as ...

  3. Income tax audit - Wikipedia

    en.wikipedia.org/wiki/Income_tax_audit

    In the United States, an income tax audit is the examination of a business or individual tax return by the Internal Revenue Service (IRS) or state tax authority. The IRS and various state revenue departments use the terms audit, examination, review, and notice to describe various aspects of enforcement and administration of the tax laws .

  4. Tax returns of Donald Trump - Wikipedia

    en.wikipedia.org/wiki/Tax_returns_of_Donald_Trump

    This was in spite of his previous commitment made during his campaign to release his tax returns once they were not under audit. [4] In 2018, the New York Times investigation into the finances of Fred and Donald Trump revealed that despite the claims of the latter to be a self-made billionaire, he had actually received more than $400 million ...

  5. These tax moves are most likely to trigger an audit - AOL

    www.aol.com/article/finance/2020/02/28/these-tax...

    As part of the Foreign Account Tax Compliance Act, taxpayers must report any assets valued at $50,000 or more in a foreign account. The law has created a somewhat dicey situation for taxpayers ...

  6. Auditor's report - Wikipedia

    en.wikipedia.org/wiki/Auditor's_report

    An auditor's report is a formal opinion, or disclaimer thereof, issued by either an internal auditor or an independent external auditor as a result of an internal or external audit, as an assurance service in order for the user to make decisions based on the results of the audit.

  7. Tax Cuts and Jobs Act - Wikipedia

    en.wikipedia.org/wiki/Tax_Cuts_and_Jobs_Act

    A tax filing unit is a tax return, meaning it could represent one person or a married couple filing jointly, among other options. [115] [122] Distribution of benefits during 2018 by income percentile under the Tax Cuts and Jobs Act (Conf. Cmte. version) based on data from the Tax Policy Center. The top 10% of taxpayers (incomes over $216,800 ...

  8. Annual comprehensive financial report - Wikipedia

    en.wikipedia.org/wiki/Annual_comprehensive...

    An Annual Comprehensive Financial Report (ACFR), formerly called a Comprehensive Annual Financial Report (CAFR)) [1] is a set of U.S. government financial statements comprising the financial report of a state, municipal or other governmental entity that complies with the accounting requirements promulgated by the Governmental Accounting Standards Board (GASB).

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