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Detailed text transcripts for TV channel - CNN - 20100217:12:22:00

if you have an overseas bank account, and you remember thatter to about the 14,700 folks who came out of the woodwork during the ubs story, they want you to tell them it if that you have overseas bank account because they ll tax on you your interest income. you re only gated to report it. if you have a foreign bank account with deposits of more than $10,000. also if you re selling stocks, this is critical, you have to know what you renlgly purchased that stock at or what it was given to you for. you need to know that number. it can t be something you make up up. you have to get receipts for large donations. charitable giving they look very closely at particularly if you re donating something other than money. one big red flag, if you donate a car, that s allege one of those things that people dispute the value of a car or any other gift like that. also, if you have higher earning, guess what, the more money you make, the more likely are you to be audited. you re 50% more likely to be a

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