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Risk assessment?

Turbo tax used to offer a visual risk assessment based on your filings in previous years...I didn't see the same thing this year. Is there a way to view that manually somehow to see how at risk I am of audit?
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1 Best answer

Accepted Solutions
MollsBBU
New Member

Risk assessment?

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

View solution in original post

5 Replies
MollsBBU
New Member

Risk assessment?

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

Risk assessment?

It is still available in TT desktop.
MollsBBU
New Member

Risk assessment?

Yes, thank you @SweetieJean . Please see the edited answer above.
BrianMB
New Member

Risk assessment?

How can I get the desktop version of Deluxe Turbotax and transport everything I entered on the useless deluxe online version to the desktop Deluxe or do i have to start all over?

Risk assessment?

To switch from online to desktop…..
Even before you pay for the online version you can switch to the desktop version and you won't have to re-enter your information. To continue in the desktop version see this…….
https://ttlc.intuit.com/community/choosing-a-product/help/how-do-i-switch-from-turbotax-online-to-th...

You can buy a cd or download the program here or look around at stores for sales.
https://turbotax.intuit.com/personal-taxes/cd-download

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