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Under a Microscope

Questions the IRS might ask to check if your lifestyle matches your reported income:

-- How long have you owned your home? What did it cost?
-- What are your mortgage payments?
-- How often do you eat out? What's the average check?
-- Where do you go on vacation? What do you spend?
-- Which clubs do you belong to?
-- Where do your kids go to school? What's the tuition?
-- What year, make, and model are your cars? What are the payments?
-- How much cash do you keep on hand?
-- What's in your safe-deposit box?
-- What do you spend on clothes? On hobbies?

DATA: IRS, BUSINESS WEEK


Updated June 15, 1997 by bwwebmaster
Copyright 1997, Bloomberg L.P.
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