BUSINESS‎ > ‎

不只有錢人 「這種納稅人」也容易被查稅


https://www.amazon.com/fotile


http://www.cinfoshare.org/re/lenders/leader-funding-inc


2/6/2020

不只有錢人 「這種納稅人」也容易被查稅

(World Journal) 編譯馬永慶


年入超過50萬元的富人和低於2萬5000元的窮人,較可能被國稅局查稅。(美聯社)

被國稅局查稅的機率愈來愈低,但即使如此,某些群體面臨查稅的可能較高。

國稅局最近表示,由於執行查稅工作的人員減少,在2019會計年度,個人報稅表的查稅率為0.45%,低於2014會計年度的0.9%。

根據國稅局按收入範圍畫分的查稅數據,富人和窮人這兩個群體更可能引起國稅局的注意。



http://www.elite-learning-center.org/index.html

Academic Enrichment Programs for 1st - 8th Grade Students

Join Us To Be Elite

Tel: 571-217-2357



SAT/PSAT, AP Calculus/AP Physics, College Essay, TJ Prep


貧窮納稅人(年入低於2萬5000元)的查稅率為0.69%,比整體查稅率高50%以上。這同時表示,除了收入超過50萬元的富人以外,低收入納稅人比其他任何群體更有可能被查稅。

稅務專家邦南肯特(Eric Bronnenkant)說,低收入家庭比一些較富裕的納稅人更容易被查稅,這似乎違反直覺,但這是由於國稅局檢查與「工作所得抵稅」(EITC)相關的詐欺和錯誤所致。EITC是為中低收入納稅人設立的報稅抵免,如果他們有至少三個孩子,可獲得高達6600元的抵稅。




IN PERSON & LIVE ONLINE PIANO LESSONS WITH RUSSIAN PIANO PROFESSOR


「預算與政策重點中心」指出,多達四分之一EITC申報包含錯誤,通常是因抵稅規則過於複雜,使得國稅局加強檢查低薪工人的稅表是否有錯。但欺詐行為也存在,例如有些夫婦各自以一家之主的身分,以及分開申報子女,以獲取最大的抵稅。

年入超過50萬元的納稅人,其查稅率急劇上升。而年入至少1000萬元的富裕納稅人,在所有群體中的查稅率最高,超過6%。


    
   
Offering serious and challenging mathematics to intellectually gifted students


「新英格蘭投資與退休集團」的稅務計畫主管迪本尼多托(Glenn DiBenedetto)說,最不可能被查稅的群體是年入10萬至20萬元的中上階層家庭,他們的查稅率大約是0.44%,因他們的稅表出錯可能較低。這個群體多數從雇主收到W2表格,國稅局可以核實其中的數據,並依靠標準扣除額而不是逐項扣舉,從而消除某些扣稅詐欺的可能性。






https://www.russianschool.com/location/reston

Award-Winning After-School Math Program for K-12 Students


2/6/2020

Taxes 2020: These two groups of taxpayers face the highest audit rates

By Aimee Picchi

Taxes are one of life’s certainties, but getting audited by the IRS is increasingly less certain these days. In fact, an audit is about half as likely as it was five years ago.

Even so, some groups face higher audit rates than others.

The tax agency is auditing fewer individual taxpayers not because we’re more honest, but because the IRS is working with fewer employees. The agency’s workforce has dropped from 94,000 workers in 2010 to roughly 78,000 in the most recent fiscal year, according to IRS data.

With fewer agents available to perform audits, the agency’s audit rate has been whittled to 0.45% of individual returns in fiscal 2019, the IRS said recently. That compares with an audit rate of 0.9% in the fiscal 2014.


http://www.cinfoshare.org/education/aplus-learning-center-tutoring-group-advisory-services

APLUS教学中心 | 一对一辅导服务中心 | 申请咨询顾问中心




Mathematics Enrichment for Intellectually Curious Learners



Two types of taxpayers are more likely to draw the attention of the IRS: the rich and the poor, according to IRS data of audits by income range.

Poor taxpayers, or those earning less than $25,000 annually, have an audit rate of 0.69% — more than 50% higher than the overall audit rate. It also means low-income taxpayers are more likely to get audited than any other group, except Americans with incomes of more than $500,000.

The least likely group to get audited? That would be upper-middle-class households with an annual income of $100,000 to $200,000. Their audit rate, at about 0.44%, is low because their returns have less room for error, says Glenn DiBenedetto, director of tax planning for New England Investment and Retirement Group. This group likely receives W2s from their employers, data that the IRS can verify, and relies on the standard deduction rather than itemizing, which cuts out the potential for fudging some deductions.


http://www.cinfoshare.org/re/lenders/sunny-lending-llc


https://rareginseng.com/


Let all ginseng lovers get the real ginseng from Wisconsin



Poor taxpayers

It may seem counterintuitive that low-income households are more likely to get audited than some wealthier taxpayers, but it’s due to the IRS checking for fraud and errors related to the Earned Income Tax Credit, says Eric Bronnenkant, head of tax at financial-services firm Betterment. The EITC is a tax credit for low- to medium-income taxpayers, who can receive a credit worth as much as $6,600 if they have at least three children.

“If you are a single parent with multiple children and with income in the $25,000 range, that is likely the person who will likely get the most amount of money from the EITC,” he notes. “One of the problems is there is EITC fraud.”

As many as one-quarter of EITC claims contain an error, often due to the complexity of the credit’s rules, according to the Center on Budget and Policy Priorities. That heightens the IRS’ interest in examining low-wage workers’ returns for errors, tax experts say. But fraud also exists, such as when families game the system by splitting up children between married parents who then both file as head of household to maximize credits, the IRS says.






Rich taxpayers

Audit rates sharply spike for taxpayers with an annual income of more than $500,000. In fact, wealthy taxpayers with annual income of at least $10 million have the highest audit rate of all groups, at more than 6%.

“Statistically, the people over $10 million still have the highest percentage, but their rate of audit is declining,” DiBenedetto says.

With the reduction in IRS staff, all income groups have seen a decline in their audit rates, although the rich have enjoyed a sharper reduction than the poor. For instance, Americans with annual incomes of more than $10 million have enjoyed a 75% decline in audit rates since 2013, according to the most recent data from the IRS. The audit rate for taxpayers earning less than $25,000 has dipped about 30% during the same period.

Deduction red flags

Some types of taxpayers may receive more scrutiny because they have more room to fudge the numbers, tax experts say.

Take self-employed workers, who can enjoy a host of deductions that aren’t available to other employees, such as the home office deduction and write-offs for business expenses.

Deductions for self-employed workers not only reduce their income subject to federal and state income taxes, but for payroll taxes, points out Betterment’s Bronnenkant. That can provide an incentive for some people “to make up a deduction,” he notes — potentially drawing the interest of the IRS.

Another red flag is tax returns with round numbers, says DiBenedetto. Taxpayers might be tempted to “round up,” by, say, estimating a charitable contribution at $1,000, but that can flag the IRS that a taxpayer may not be reporting the exact amount they spent or donated, he adds.

The best defense is to keep detailed records and receipts for expenses and deductions, tax experts say.

“Number one is keeping all of your receipts for all of your expenses,” Bronnenkant says. “Candidly, most people are pretty awful about that.”


Source: https://www.usatoday.com/story/money/2020/01/31/taxes-2020-audits-most-likely-happen-these-two-groups/4552393002/




IRS issues standard mileage rates for 2020

IR-2019-215, December 31, 2019


WASHINGTON — The Internal Revenue Service today issued the 2020 optional standard mileage rates (PDF) used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

Beginning on January 1, 2020, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

  • 57.5 cents per mile driven for business use, down one half of a cent from the rate for 2019,
  • 17 cents per mile driven for medical or moving purposes, down three cents from the rate for 2019, and
  • 14 cents per mile driven in service of charitable organizations.

The business mileage rate decreased one half of a cent for business travel driven and three cents for medical and certain moving expense from the rates for 2019. The charitable rate is set by statute and remains unchanged.

It is important to note that under the Tax Cuts and Jobs Act, taxpayers cannot claim a miscellaneous itemized deduction for unreimbursed employee travel expenses. Taxpayers also cannot claim a deduction for moving expenses, except members of the Armed Forces on active duty moving under orders to a permanent change of station. For more details, see Rev. Proc. 2019-46 (PDF).

The standard mileage rate for business use is based on an annual study of the fixed and variable costs of operating an automobile. The rate for medical and moving purposes is based on the variable costs.

Taxpayers always have the option of calculating the actual costs of using their vehicle rather than using the standard mileage rates.

A taxpayer may not use the business standard mileage rate for a vehicle after using any depreciation method under the Modified Accelerated Cost Recovery System (MACRS) or after claiming a Section 179 deduction for that vehicle. In addition, the business standard mileage rate cannot be used for more than five vehicles used simultaneously. These and other limitations are described in section 4.05 of Rev. Proc. 2019-46 (PDF).

Notice 2020-05 (PDF), posted today on IRS.gov, contains the standard mileage rates, the amount a taxpayer must use in calculating reductions to basis for depreciation taken under the business standard mileage rate, and the maximum standard automobile cost that a taxpayer may use in computing the allowance under a fixed and variable rate plan. In addition, for employer-provided vehicles, the Notice provides the maximum fair market value of automobiles first made available to employees for personal use in calendar year 2020 for which employers may use the fleet-average valuation rule in § 1.61-21(d)(5)(v) or the vehicle cents-per-mile valuation rule in § 1.61-21(e).



Source: https://www.irs.gov/newsroom/irs-issues-standard-mileage-rates-for-2020










https://sites.google.com/a/cinfoshare.org/cis/education/prep-with-jen









Principal, 
Tel: (301)906-6889; 
(240)912-6290
Licensed in MD, VA, DC, WV, PA, DE, NC, SC, FL 
WeChat ID: sunnychenyuqing
NMLS # 1220187


President, Principal Loan Consultant, Leader Funding, Inc.
Wechat ID: Willow6621
NMLS # 208136


电话: (240) 784-6645


RockvilleMD 
Phone: 301-366-3497


http://www.cinfoshare.org/contractors/range-hood/fotile-range-hoods


专业冷暖系統 MAJOR.HVAC
Simon Lin


Comments