Don’t be too quick to blame your preparer for your return being audited. Certain types of returns are randomly audited because they contain income and or expenses that have no real “paper trail” (w2/1099, agency-recorded events, etc.) and may need to be verified. This is true especially if these returns include refundable credits (EIC, Tuition, etc.).
I used to do my own taxes and I was always prepared to pay at least $1000 in taxes, but I get refunds now with you! I just don’t really think about what I can claim and then I don’t know exactly where to put all the deductions, BUT YOU DO! Thanks again!
When long-term disability premiums (LTD) are paid with pre-tax dollars, the monthly disability benefit becomes taxable income.
The BENEFIT should FAR EXCEED the amount paid in PREMIUMS. Taxing the benefit instead of the amount paid appears…