Quote:
Originally Posted by keithwand
HUH?
Why would a premier home have bigger red flags than another home?
I wasn't aware the IRS checked square footage now.
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My point - trying to be funny and not making it - is that folks with more cash may have investments and because of the amount of money involved might accrue red flags. Remember - just large charity deductions - though totally legit - earn you points. But - again - I was just trying to put this in perspective...it costs the IRS more in admin costs to go after a couple hundred dollars in interest deductions than they would ever recover. In my old agency, we routinely waived overpayments to folks under a certain amount just for that reason.
Cheers!