Although the overall individual audit rate is only about one in 119, the odds increase dramatically as your income goes up, as it might if you sell a valuable piece of property or get a big payout from a retirement plan. The IRS wants to be sure that owners of IRAs and participants in 401(k)s and other workplace retirement plans are properly taking and reporting required minimum distributions.
Kyle Taylor knows a thing or two about saving money, having gone from broke to becoming a self-made millionaire in a matter of years. The site is now a fully fledged company that offers financial tips to thousands of users. The 30-year-old CEO and self-made millionaire tells CNBC that one formula in particular has helped him save.
Given the hardball approach it has often taken toward patent negotiations, it's perhaps not too surprising that Apple (AAPL) has kicked off a major dispute with Qualcomm (QCOM) , the company with the largest mobile patent-licensing business of them all. But the fact Qualcomm is also the world's largest mobile chip supplier, and still counts Apple as one of its largest customers, throws a unique wrinkle into this battle--one that, depending on how the dispute unfolds, could work greatly to Intel's (INTC) advantage. Just three days after the U.S. FTC filed an antitrust suit against Qualcomm that (among other things) alleged the company had a 5-year modem exclusivity deal with Apple that featured