How Does The IRS Know Whether I Have Rental Income?
BenzingaThe post How Does The IRS Know Whether I Have Rental Income? by Jordan Robertson appeared first on Benzinga. Visit Benzinga to get more great content like this.
The Internal Revenue Service (IRS) employs a multifaceted approach to identify rental income, like utilizing audits, data matching, access to public and governmental records, advanced technology for pattern recognition, and information from property management companies. Landlords should be aware that failing to report rental income accurately can lead to significant penalties and interest charges. Maintaining … Continued
The post How Does The IRS Know Whether I Have Rental Income? by Jordan Robertson appeared first on Benzinga. Visit Benzinga to get more great content like this.
