re: Which bank transactions must be reported to the Feds?

It doesn't, I just use that to put me at ease.

Another couple questions, what is the time fram you can be audited? Isn't it like 5 years?

Also, this year we sold the rental, which long story short, was my first house that was purchased with a THDA loan. Essentially down payment assistance. Well, I have to pay taxes on that, would it be worth it to go to an accountant this year? I know it will cost a little more but knowing that it will be done right seems worth it to me.

Finally, are you less likely to get audited if you go through an accountant, or will they back you up if the IRS chooses to audit you?

And we ALWAYS do what is right. Or what we feel is right. Like I said, worry wart gonna worry wart.