Fail to file a tax return. Ordinarily, the

IRS can only examine returns going

back three years. But if you don’t file,

the statute of limitations on that year

never expires.

Estimate round numbers on your

return.

Tell the IRS you’re not really

tracking your cash.

Forget to print out receipts or order

confirmations for all your business’

online purchases.

Let an auditor come into your business

and freely interact with your employees

and customers.

Volunteer information or answer questions

that the auditor hasn’t asked.

Be a pushover. It's alright to ask the auditor

questions during the audit and to inquire as to the

the legal reasons behind any problems found.

Tape-record the audit. Even though

you have the right, this often causes

the auditor to be even more stringent

and, therefore, most experts caution

against it.

File another tax return during an audit.

Instead request an extension. If you do

file during an audit, the IRS could

expand its scope to include it.

Offer anything to the auditor that

could even remotely be considered a

bribe.

Starting in May, the Treasury will begin sending economic stimulus payments to more than 130 million households. To receive a payment, taxpayers must have a valid Social Security number, $3,000 of income and file a 2007 federal tax return. IRS will take care of the rest. Eligible people will receive up to

$600 ($1,200 for married couples), and parents will receive an additional $300 for each eligible child younger than 17. Millions of retirees, disabled veterans and low-wage workers who usually are exempt from filing a tax return must do so this year in order to receive a stimulus payment.

The Stimulus Payment will reduce a taxpayer’s 2008 refund.

The payment will not reduce refunds or increase the amount owed when a 2008 return is filed.

The Stimulus Payment is taxable.

It is not subject to federal taxes, but taxpayers are encouraged to keep a copy of the IRS notice they will receive later this year showing the amount of payment. In the event a taxpayer does not qualify to receive the full amount this year but does next year, the notice will serve as a record of the previous amount received.

Taxpayers needn’t do anything in order to receive a Stimulus Payment.

Taxpayers must file a 2007 tax return in order to be eligible for a payment. The IRS will do the rest.

Everybody is eligible for a payment.

Not everyone qualifies, but most of those who do will receive a minimum of $300. Individuals or married couples who have no 2007 tax liability must file a tax return reporting at least $3,000 of ”qualifying income,“ which includes most Social Security benefits, certain Railroad Retirement and veterans’ benefits and earned income. Filers whose 2007 adjusted gross income exceeds $75,000 ($150,000 for married couples filing jointly) will receive a reduced payment or no payment at all.

A person can file with any taxpayer ID number and get a Stimulus Payment.

All taxpayers (both spouses on a joint return) must have a valid Social Security Number (SSN) in order to be eligible. Children must have valid SSNs to qualify a filer for an additional amount.

Only paper checks will be issued.

Direct deposit is the best way to receive the payment. Most filers who choose direct deposit for their 2007 tax refund will also have their stimulus payment direct deposited. Filers who choose a refund anticipation loan or who choose the split refund option will get paper stimulus checks.

The IRS will contact taxpayers by phone or e-mail about their stimulus payments.

Watch out for scams! IRS will contact taxpayers about stimulus payments only via the U. S. Mail.