Archive for the 'Taxes' Category

How Soon Will a Person Be Audited After I Turn Them In?

The IRS received the information - appropriate form and a copy of the tax return - on Feb. 7th or so. I wondered how long it will be until this person receives a notice of audit.
He’s my current husband. I could not file with him because of not trusting his numbers. It’s between [...]

How can I have someone’s money in my bank account and prove in case of a tax audit that it’s not my money?

My cousin is leaving to Mexico and asked me to keep his $10,000 until he comes back. I know theres a certain amount that if deposited to any account, the bank reports it to the IRS. How can I prove in case of an audit that I was just holding it for a while and [...]