5 common reasons your investments may trigger an IRS audit
By James Royal
The IRS may simply correct the deficiency and deduct the extra from the return you filed, or if the tax exceeds your refund check, you’ll be asked to cough up more money.
But the IRS may not look so kindly on a much larger 1099 that goes missing. “The unreported income could possibly trigger a further in-depth audit,” says Eric Bronnenkant, head of tax at Betterment, a robo-adviser.Read the Original Article
This article originally published June 12th, 2019 on Bankrate