Saturday, October 27, 2007

THE IRS'S HIT LIST

Doctors and dentists are high-priority targets for tax audit. These are the items the IRS looks for: Dubious promotional expenses. If the same four people take turns having lunch together once a week and take turns pickig up the tab, a close examination of diaries and log books will show this. Agents also take a close look at limited partnership investments, seeking signs of abusive tax shelters.

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