I'm not saying you shouldn't claim deductions. Just make sure they are legitimate and you have the documents to back them up. |
Remember, you don't want to have any more correspondence with the IRS than is necessary. |
The IRS receives [copies of] those automatically [from your employer and brokerage firm], so if your return doesn't include them you could provoke an audit. |
They are focusing on taxpayers making $100,000. They want to get a return on those returns. |
You have to be careful if you take large, non-cash contributions. You have to back them up with receipts. |