Bananas could be ruining your smoothie’s health benefits-Click HereThis easy daily habit cuts heart risk by two thirds-Click HereWeight-loss drugs like Ozempic may also curb drug and alcohol addiction-Click HereLife expectancy gains have slowed sharply, study finds-Click HereHow strong is your weed, really? Scientists say labels often mislead-Click HereMIT scientists discover hidden 3D genome loops that survive cell division-Click HereYou might look healthy, but hidden fat could be silently damaging your heart-Click HereScientists reversed brain aging and memory loss in mice-Click HereDoctors just found a way to slow one of the deadliest prostate cancers-Click HereRunning fixes what junk food breaks in the brain-Click HereSports concussions increase injury risk-Click HereUncovering a cellular process that leads to inflammation-Click HereNew study links contraceptive pills and depression-Click HereA short snout predisposes dogs to sleep apnea-Click HereBuilding a new vaccine arsenal to eradicate polio-Click HereThe Viking disease can be due to gene variants inherited from Neanderthals-Click HereQatar Omicron-wave study shows slow decline of natural immunity, rapid decline of vaccine immunity-Click HereMore than a quarter of people with asthma still over-using rescue inhalers, putting them at increased risk of severe attacks-Click hereProgress on early detection of Alzheimer’s disease-Click HereDried samples of saliva and fingertip blood are useful in monitoring responses to coronavirus vaccines-Click HereDietary fiber in the gut may help with skin allergies-Click HereResearchers discover mechanism linking mutations in the ‘dark matter’ of the genome to cancer-Click HereDespite dire warnings, monarch butterfly numbers are solid-Click HereImmunotherapy may get a boost-Click HereArtificial intelligence reveals a never-before described 3D structure in rotavirus spike protein-Click HereRecurring brain tumors shaped by genetic evolution and microenvironment-Click HereCompound shows promise for minimizing erratic movements in Parkinson’s patients-Click HereConsuming fruit and vegetables and exercising can make you happier-Click HereCOVID-19 slows birth rate in US, Europe-Click HereLink between ADHD and dementia across generations-Click HerePreventing the long-term effects of traumatic brain injury-Click HereStudy details robust T-cell response to mRNA COVID-19 vaccines — a more durable source of protection-Click HereArtificial color-changing material that mimics chameleon skin can detect seafood freshness-Click HereNeural implant monitors multiple brain areas at once, provides new neuroscience insights-Click HereB cell activating factor possible key to hemophilia immune tolerance-Click HereMasks not enough to stop COVID-19’s spread without distancing, study finds-Click HereAI can detect COVID-19 in the lungs like a virtual physician, new study shows-Click HerePhase 1 human trials suggest breast cancer drug is safe, effective-Click HereRe-engineered enzyme could help reverse damage from spinal cord injury and stroke-Click HereWeight between young adulthood and midlife linked to early mortality-Click HereIncreased fertility for women with Neanderthal gene, study suggests-Click HereCoronavirus testing kits to be developed using RNA imaging technology-Click HereFacial expressions don’t tell the whole story of emotion-Click HereAcid reflux drug is a surprising candidate to curb preterm birth-Click HereTreating Gulf War Illness With FDA-Approved Antiviral Drugs-Click HereHeart patch could limit muscle damage in heart attack aftermath-Click HereA nap a day keeps high blood pressure at bay-Click HereIn small groups, people follow high-performing leaders-Click HereTick tock: Commitment readiness predicts relationship success-Click HereA comprehensive ‘parts list’ of the brain built from its components, the cells-Click HereResearchers confine mature cells to turn them into stem cells-Click HereNew tissue-imaging technology could enable real-time diagnostics, map cancer progression-Click HereEverything big data claims to know about you could be wrong-Click HerePsychedelic drugs promote neural plasticity in rats and flies-Click HereEducation linked to higher risk of short-sightedness-Click HereNew 3D printer can create complex biological tissues-Click HereThe creative brain is wired differently-Click HereWomen survive crises better than men-Click HerePrecise DNA editing made easy: New enzyme to rewrite the genome-Click HereFirst Time-Lapse Footage of Cell Activity During Limb RegenerationStudy Suggests Approach to Waking Patients After Surgery

Stay Off The IRS Radar: How To Avoid A Tax Audit

0

Orlando, Fla. (Ivanhoe Newswire) — The holidays are over and now it’s time to focus on the new year. First things first, taxes. The IRS will begin accepting returns between January 15 and the 31st. And even though tax changes could be coming as president-elect Trump assumes office, there are several things you should know before you file. First thing: due to inflation, income tax brackets have shifted a bit. Be sure to find out where you land before filing. Also, there are several things you should know to avoid the dreaded tax audit.

From holiday season to tax season … it’s time to dust off those financial records and report to Uncle Sam. Make a mistake and you could get the dreaded letter that you’ve been audited. The IRS audits some returns to get a closer look. If you get the request, CPAs suggest calling your assigned auditor immediately.

“That person would explain more specifically about what they really want to see because the letters that come out are usually kind of scary,” said Larry J. Herring, CPA.

So, what can trigger an audit? You could be randomly selected by the IRS or …

“Taking an extraordinary amount of charitable contributions, deductions and the IRS would want to know, do you have receipts for those things?” explained Herring.

Excessive tax deductions are red flags for the IRS. So is not reporting all your income and mixing business and personal expenses. Pay close attention to how you deduct medical expenses and the earned income tax credit. Final advice? Double check your number especially if you file on paper or use tax software. And when in doubt, get help from a tax professional.

“Keep good records,” said Herring.

And keep them at least three years just in case the IRS comes knocking.

One out of every 500 tax returns were audited in 2023. Taxes are due April 15th this year.

Contributors to this news report include: Shernay Williams, Producer; Bob Walko, Editor.

To receive a free weekly email on Smart Living from Ivanhoe, sign up at:  http://www.ivanhoe.com/ftk 

Source:

https://www.irs.gov/newsroom/irs-update-on-audits#:~:text=IRS%20employees%20conduct%20examinations%20or,the%20taxpayer’s%20place%20of%20business

https://www.irs.gov/businesses/small-businesses-self-employed/irs-audits

https://turbotax.intuit.com/tax-tips/irs-letters-and-notices/top-red-flags-that-trigger-an-irs-audit/L2TzlqFNe