The IRS Flags These 7 Things After 65 (Most Don't Know)

What does the IRS flag on seniors' tax returns after 65? Retirees on Social Security and fixed income get CP2000 letters for 7 mismatches: forgotten 1099-INT interest, taxable Social Security benefits (SSA-1099, $25,000 and $32,000 thresholds), missed required minimum distributions (RMD penalty, Form 5329), qualified charitable distributions (QCD) reported wrong, old stock sales with no cost basis (1099-B), selling your home over the $250,000 or $500,000 exclusion (1099-S, widow two-year rule), and the new $6,000 senior deduction (Schedule 1-A). Protect your IRA, retirement income, savings and taxes from IRS penalties. Get The Senior EXEMPT Playbook (the guide from the QR code in this video): every bill you are legally allowed to stop paying after 65, in one guide: https://senior-exempt-playbook.netlify.app Chapters: 0:00 What the IRS computer checks 1:50 The interest you forgot about 3:24 Your Social Security check 5:24 The withdrawal you were required to take 7:26 The gift to your church the IRS taxes 9:38 Old stock with no price on it 11:15 Selling the family home 13:23 The new senior deduction 15:53 If the IRS letter shows up 16:35 Your 7-step checklist DISCLAIMER: This video is for general educational and informational purposes only and is not tax, legal, or financial advice. Tax rules change and every situation depends on its own facts. Always confirm your situation with the IRS, the Taxpayer Advocate Service, or a licensed tax professional before acting. #SocialSecurity #SeniorFinance #RetirementIncome