Report every dime. Bingo jackpots are income. And don’t omit what you think the IRS won’t know, like tips, baby-sitting or selling items on eBay.
Nobody’s that generous. The IRS announced it will be watching automobile donations to charities, so stick to the fair- market value (try kbb.com).
Don’t mix business and pleasure. Expenses, that is. Deducting your new blue power suit, cable TV or your commuting expenses leads to trouble.
Watch out for AMT. The alternative minimum tax ensures you pay a fair share even if you take a lot of deductions.
Sweat the small stuff. Check your math, list dependents’ Social Security numbers and don’t forget to sign it for a timely refund.
