[New post] DAILY UPDATE: Tax Day Deadline with IRS Audit Probabilities — Stock Markets Edge Up

Dr. Marcinko posted: " By Staff Reporters *** *** Tax deadline -- April 18, 2023 -- is today. Did you know that the probability of being audited by the IRS is generally low, with less than 1% of tax returns receiving a second look? The average chance of being " The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants DAILY UPDATE: Tax Day Deadline with IRS Audit Probabilities — Stock Markets Edge Up Dr. Marcinko Apr 18 By Staff Reporters *** *** Tax deadline -- April 18, 2023 -- is today. Did you know that the probability of being audited by the IRS is generally low, with less than 1% of tax returns receiving a second look? The average chance of being audited is 1 in 333, or 0.3%. But, certain factors can increase the likelihood of being audited, such as earning a lot of money or claiming complex deductions. For example, the audit rate among filers with income of $10 million or more is 6.66%, while the audit rate for filers with incomes between $25,000 and $500,000 is roughly 0.5%. If selected for an audit, the taxpayer must demonstrate that the information on their tax return is correct *** The following is a round-up of yesterday's market activity: The S&P 500 Index was up 13.68 points (0.3%) at 4151.32; the Dow Jones industrial average was up 100.71 (0.3%) at 33,987.18; the NASDAQ Composite was up 34.26 (0.3%) at 12,157.72. The 10-year Treasury yield was up about 8 basis points at 3.3.60%. CBOE's Volatility Index was down 0.13 at 16.94. Among S&P 500 sectors, real estate stocks led advancers, while financials and industrials were also higher. Small-caps rose, with the Russell 2000 up about 1%. Communication services companies were among the weakest performers, and energy companies slumped as crude oil futures dropped nearly 2%. The U.S. dollar index strengthened slightly, and equity market volatility remained subdued, with the VIX extending a decline to the lowest levels since late 2021. CITE: https://www.r2library.com/Resource *** CITE: https://www.amazon.com/Dictionary-Health-Information-Technology-Security/dp/0826149952/ref=sr_1_5?ie=UTF8&s=books&qid=1254413315&sr=1-5 *** ORDER: https://www.routledge.com/Risk-Management-Liability-Insurance-and-Asset-Protection-Strategies-for/Marcinko-Hetico/p/book/9781498725989 *** ORDER: https://www.routledge.com/Comprehensive-Financial-Planning-Strategies-for-Doctors-and-Advisors-Best/Marcinko-Hetico/p/book/9781482240283 *** COMMENTS APPRECIATED Thank You *** Comment Like You can also reply to this email to leave a comment. Unsubscribe to no longer receive posts from The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: http://medicalexecutivepost.com/2023/04/18/daily-update-tax-day-deadline-with-irs-audit-probabilities-stock-markets-edge-up/

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