Tax Free Living

Your Chances of an Audit if You Make Less Than $300k a Year


Listen Later

Taking the Next Step:
Download my new book! The Short Term Rental Rule: https://ebook.taxalchemy.com
Book a Professional Tax Strategy Consultation ▶ https://karladennis.com/youtubeconsult
Get Help Setting up Your LLC, Now ▶ https://shareasale.com/r.cfm?b=617326&u=2911896&m=53954&urllink&afftrack
Getting audited by the IRS can be extremely stressful, tedious, and difficult. People who are audited by the IRS have to go through a process of proving that their tax returns are accurate. If the audit reveals that their tax returns are not accurate, then the people who were audited can end up owing large fines and penalties in addition to any missing taxes.
In this video, tax expert Karlton Dennis explains the odds that people making under $300,000 per year in America have of being audited by the IRS. Most Americans have annual incomes under this amount. So, this video will apply to the vast majority of the American tax base.
At the end of this video, Karlton also explains how to dramatically reduce the chances of being audited. So, this video is also beneficial for people who want to know what they can do to reduce their IRS audit risk.
*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
#Audit #TaxExpert #KarltonDennis #IRSAudit #AuditRisk #LLC #Taxes
...more
View all episodesView all episodes
Download on the App Store

Tax Free LivingBy Karlton Dennis

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

59 ratings


More shows like Tax Free Living

View all
BiggerPockets Real Estate Podcast by BiggerPockets

BiggerPockets Real Estate Podcast

16,777 Listeners

Money Guy Show by Brian Preston and Bo Hanson

Money Guy Show

3,216 Listeners

Main Street Business by Mark J Kohler and Mat Sorensen

Main Street Business

584 Listeners

The How of Business - How to start, run, grow and exit a small business. by Henry Lopez

The How of Business - How to start, run, grow and exit a small business.

504 Listeners

Tax Smart Real Estate Investors Podcast by Hall CPA

Tax Smart Real Estate Investors Podcast

426 Listeners

The Game with Alex Hormozi by Alex Hormozi

The Game with Alex Hormozi

4,448 Listeners

Small Business Tax Savings Podcast by Mike Jesowshek, CPA

Small Business Tax Savings Podcast

251 Listeners

DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing by Quint Tatro & Daniel Czulno, CFP® a passionate look at everything money from budgeting, savings, investing, stocks, bonds, debt. For those that enjoy Dave Ramsey, Jill On Money, Smart Money, BiggerPockets it’s worth a listen!, Bleav

DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing

883 Listeners

Real Estate Rookie by BiggerPockets

Real Estate Rookie

1,830 Listeners

Wealthy Way by Ryan Pineda

Wealthy Way

2,134 Listeners

The Rich Somers Report by Rich Somers

The Rich Somers Report

980 Listeners

Rich Habits Podcast by Austin Hankwitz and Robert Croak

Rich Habits Podcast

472 Listeners

BigDeal by Codie Sanchez

BigDeal

789 Listeners

The Minority Mindset Show by minoritymindset

The Minority Mindset Show

190 Listeners

B.O.S.S. Moves Podcast by Myron Golden

B.O.S.S. Moves Podcast

112 Listeners