I:1-47 IRS Audits. Which of the following individuals is most likely to be audited?

a. Connie has a $20,000 net loss from her unincorporated business (a cattle ranch). She also received a $200,000 salary as an executive of a corporation.

b. Craig has AGI of $20,000 from wages and uses the standard deduction.

c. Dale fails to report $120 of dividends from a stock investment. His taxable income is

$40,000 and he has no other unusually large itemized deductions or business expenses.

A Form 1099 is reported to the IRS.