Website Vistor, welcome to The Advisor for April 14, 2008.
Great Advice from Bader Martin
Know Your Chance of an IRS Audit?
Scott Usher, MST, CPA Senior Manager, Tax Services
That's a trick question because no one really knows exactly how U.S. taxpayers are selected for audit. The mechanisms that the Internal Revenue Service uses to select individuals and businesses for audits are closely guarded secrets.
We do, however, know that the IRS audited 1,384,563 individual income tax returns in fiscal 2007―more than in any tax year in the last decade, and a significant increase over the previous year. Audits of small businesses were up even more.
We also know that there are certain general audit targets each year because the IRS announces them. Based on these announced targets and the historical data published by the IRS, it is possible to identify items on a return that will likely increase the risk of an audit.
Click Full Article to learn about the factors that increase your risk of being audited.
Mike Basilicato Manager, Information Technology Services If you think like Kermit the Frog, it isn't. But for most of us, going green at home and at work is easier and more cost-effective than ever. Replace three light bulbs with compact fluorescent bulbs and save $60 over the course of a year. Ensure that your car's tires are adequately inflated and save another $800. Install a low-flow showerhead and save $150. As Earth Day approaches (April 22), we're each being urged to critically examine our carbon footprint. But there is one aspect of going green that is often overlooked: our use of computers, or Green IT. You may be surprised, for example, to learn that as much as two-thirds of the energy your computer uses is wasted during periods of inactivity. That energy could be saved by using the computer's hibernation mode more often or by simply turning it off. Whether your concept of IT is a single home computer or a sizeable computer department, there is much to be learned―and money to be saved―from a green approach. Click Full Article to discover how you can reduce your computer's environmental impact while lowering your energy costs.
The subject matter contained in this newsletter is often complex, with nuances that cannot be fully described in a single article or announcement. It is therefore vital that you consult with us -- and your legal and investment advisors, as appropriate -- before implementing ideas contained in the newsletter. Bader Martin, PS is not responsible for misinterpretations, errors, or omissions related to the content of this newsletter. Nor are we responsible for its applicability to your personal, business, or tax situation.
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