Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
lisawhalen
New Member

This year Turbotax did not run my return through a 'likelihood of being audited' graph. Why not?

 
1 Best answer

Accepted Solutions
MollsBBU
New Member

This year Turbotax did not run my return through a 'likelihood of being audited' graph. Why not?

That feature has been removed since ultimately, all audits are at the discretion of the IRS. But, the Audit meter was based on the likelihood of an audit, as specified by the IRS. 

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 see this Forbes article or this TurboTax Blog for more information about audit risk.

View solution in original post

1 Reply
MollsBBU
New Member

This year Turbotax did not run my return through a 'likelihood of being audited' graph. Why not?

That feature has been removed since ultimately, all audits are at the discretion of the IRS. But, the Audit meter was based on the likelihood of an audit, as specified by the IRS. 

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 see this Forbes article or this TurboTax Blog for more information about audit risk.

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.62m
Discussions

Manage cookies
v