What Smart Investors Know Savvy investors take the time to separate emotion from fact. Related Content Five Most Overlooked Tax Deductions Five overlooked tax deductions to help manage your tax bill. A Taxing Story: Capital Gains and Losses Understanding how capital gains are taxed may help you refine your investment strategies. What If You Get Audited? The chances of an IRS audit aren't that high. And being audited does not necessarily imply that the IRS suspects wrongdoing.