The IRS is looking at auditing more high net worth tax payers. They are also matching tax returns to high end towns. So, if a taxpayer shows little income, and they reside in a pricy town, there is a greater chance of an audit.
Tax returns no have boxes on 1099 filings. The IRS is homing in on taxpayers who do not file 1099 forms. They need to be sent by January 31.
Howard Goldstein | 01/09/2012