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Are You Making a Million Dollars a Year?
50% of the audits were on people that were making less than $75,000 a year. Why are they doing that? Well, probably because you're not going to have the resources to hire a good accountant and hire a good attorney to represent you. Once you make a million- once you start making a lot of money, like if you're making over a million dollars a year, now you're already under scrutiny. The IRS is trying to see you do something wrong. And so if you try to get $10,000 under the table, it's a bad idea because you already know you're being watched. You're maybe less financially savvy than somebody who's making half a