Detailed text transcripts for TV channel - CNN - 20110301:16:21:00
1%? >> generally the very wealthy individuals and those in cash businesses, waitresses, bartenders. a lot of people are self-employed these days and one reason they're a target because they tend to merge their business and personal expenses, take crazy writeoffs. >> for those unlucky people, what are they doing to trigger an audit? >> unreported income, and too many deductions, breaks, writeoffs relative to your income bracket and there are random audits as well. >> for those who get audited what can they expect? >> there are different types. the most common is the correspondence audit. the ir...
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