Audit Risk

http://www.TaxMama.com Today TaxMama® hears from Hugh in the TaxQuips Forum with a long question. "To make his story short, he lays out his income and expenses and wants to know what his audit risk is -- and what records to retain in case he's ever audited." Read the reply: http://www.TaxMama.com/tax-quips/audit-risk/ Image credit; http://www.flickr.com/photos/safari_vacation/6257315794/sizes/m/in/photostream/