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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:
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:
I'm using the disc and always love the audit check. I'm not on line. Please tell me how to bring it up.
[email address removed]
I didn't see it. I'll look again. If I can't find it, I'll be back for help.
[email address removed]
I got the audit protection and it looks great. Now I need help on getting my Tracking and Checking account numbers poste. It won't let me post them. It posted in Form 8888 but didn't transfer to 1040 Worksheet and 1040. What do I need to do.
[email address removed]
I'm using a disc and have Deluxe. What do I need to do to post my Tracking and Checking account numbers. This use to be easy. I want direct deposit. Again it is posted in form 8888 but
didn't transfer to 1040 worksheet or 1040. It won't let me post them.
[email address removed]
I'm in a loop. It keeps going back to Reply to message. I have twice. How do I post my Tracking and Bank Account Number on my 1040. It is posted on Form 8888 but didn't transfer to 1040 worksheet or 1040. This use to be easy. What's going on with Turbotax. What am I doing wrong. What's wrong with this software I'm texting to you now. It's getting annoying. I's like to talk to a live person.
[email address removed]
Did it again. It looped back. I need help.
[email address removed]
I'll just write in my bank tracking and account number. This isn't going to look good. If they contact me I'll tell them I tried for help from Turbotax but they didn't give me any help.
[email address removed]
It is still available in TurboTax Online. It comes after you enter your Schedule C expenses.
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.
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