IRS Audits . Which of the following individuals is most
likely to be audited?
a. Connie has a $20,000 net loss from her unincorporated
business (a cattle ranch). She also received a $200,000 salary as an executive
of a corporation.
b. Craig has AGI of $20,000 from wages and uses the standard
deduction.
c. Dale fails to report $120 of dividends from a stock
investment. His taxab le income is $40,000 and he has no other unusually large
itemized deductions or business expenses. A Form 1099 is reported to the IRS.
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