Where is the audit risk meter?

Forum|Forum|7 years ago
June 5, 2019
4 replies
14 views

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TurboTax Premier Online

Best answer by MollsBBU

That feature has been removed from TurboTax Online since ultimately, all audits are at the discretion of the IRS.

Note: This feature is still available in TurboTax Deluxe, Premier, and Home & Business Desktop versions and can be accessed on the Review tab (under Audit Protection).

Besides having deductions that look puffed up, you can boost your odds of getting an audit notice with any of these:

--being self-employed (opportunities to cheat abound).

--having a 1099 mismatch (you show a $5,000 capital gain, the broker reports $15,000).

--having a large income (the IRS gets a better payback for audit efforts among the wealthy).

--claiming a large non-cash donation.

--reporting a loss from a business activity that could be a hobby.

Please note that the IRS randomly reviews a small percentage of returns regardless of audit risk. In addition, the IRS's focus on audit risk factors changes periodically and is not made public. Please see this Forbes article or this TurboTax Blog for more information about audit risk.

Also, see the TurboTax FAQ below for how TurboTax is there for you in the event of an audit:

https://ttlc.intuit.com/replies/4204836

xmasbaby0

Level 15

Sorry--it was discontinued in online TT.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

dantedillon

Level 2

I will not use you again.

MollsBBUAnswer

Level 9

That feature has been removed from TurboTax Online since ultimately, all audits are at the discretion of the IRS.

Note: This feature is still available in TurboTax Deluxe, Premier, and Home & Business Desktop versions and can be accessed on the Review tab (under Audit Protection).

Besides having deductions that look puffed up, you can boost your odds of getting an audit notice with any of these:

--being self-employed (opportunities to cheat abound).

--having a 1099 mismatch (you show a $5,000 capital gain, the broker reports $15,000).

--having a large income (the IRS gets a better payback for audit efforts among the wealthy).

--claiming a large non-cash donation.

--reporting a loss from a business activity that could be a hobby.

Also, see the TurboTax FAQ below for how TurboTax is there for you in the event of an audit:

https://ttlc.intuit.com/replies/4204836

addisonmiller

Level 2

Why remove this feature and not notify the online users? This is one of the main reasons I used Turbotax, I will probably be looking for a different tax preparation software next year. The kicker is, I had already paid for the online version and could find away to download the desktop version without paying for it again. I had actually enjoyed doing my taxes in previous years...not this year. It seemed cold and not as user friendly.

Santoi

Level 2

Agreed. I am very disappointed with the loss of the audit meter and I don't like it and Ive used TurboTax online for years. Do you know of another comparable online tool? I'm looking also.