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Author Question: Which of the following individuals is most likely to be audited? (Read 45 times)

ts19998

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Which of the following individuals is most likely to be audited?
◦ Lola has AGI of $35,000 from wages and uses the standard deduction.
◦ Marvella has a $145,000 net loss from her unincorporated business (a horse farm). She also received $950,000 salary as a CEO of a corporation.
◦ Melvin is retired and receives Social Security benefits.
◦ Jerry is a school teacher with two children earning $55,000 a year. He also receives $200 in interest income on a bank account.


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Marked as best answer by ts19998 on Sep 13, 2020

alexisweber49

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ts19998

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Reply 2 on: Sep 13, 2020
Great answer, keep it coming :)


softEldritch

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Reply 3 on: Yesterday
Excellent

 

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