audit, Gambling and small business accounting

How to Qualify for the Foreign Earned Income Exclusions in 2021

LyfeAccounting

JULY 9, 2021

This would be dividends, interest, capital gains, gambling winnings, alimony, social security benefits, pensions, and annuities. This one would be business profits, royalties, rents and scholarships, and fellowships. Unearned income. As you can tell unearned income is more so from passive investments. Variable income.

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income tax Tax Gambling tax return

IRS Audit Red Flags & Triggers: How the IRS Catches You

LyfeAccounting

APRIL 8, 2021

Now, we want to help you avoid an IRS audit! Although your chances of being audited in general are pretty low, there are certain IRS audit red flags that increase your odds dramatically. 8 IRS Audit Red Flags to Watch Out For. 8 IRS Audit Red Flags to Watch Out For. In 2019, the IRS audited 0.4%

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How to Qualify for the Foreign Earned Income Exclusions in 2021

IRS Audit Red Flags & Triggers: How the IRS Catches You

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