The IRS Audit Blog

Archive for February, 2010

IRS office open on Saturday

The Internal Revenue Service office in Colorado Springs will be open from 9 a.m. to 2 p.m. on Saturday, Feb. 20, at 2864 S. Circle Drive. About 200 Taxpayer Assistance Centers in more than 190 cities nationwide will be open on Saturday to provide special assistance regarding tax questions and issues. “There are many tax credits and deductions that [...]

Early Voter SUPPRESSION

Question: What percentage of tax filers doed the IRS audit each year?

Answer: The IRS audits less than 7 percent of offical tax filers each year; including person, small business, corporates, etc.

hope this helps.

Better Business Bureau: Choose tax preparer carefully

Most Americans will get assistance from a professional tax preparer or tax software when filing their taxes this year, and the Better Business Bureau encourages taxpayers to use caution when selecting tax preparation help.

Former IRS Agent Bloopers

Question: If a small business did’nt report your income and you don’t file your taxes will they find out?

I work for a small Company fresh out of college, I made less than 20,000 this past year. I Live at home with my parents, i dont have many bills. I noticed we forgot to send in the official form A 1099 copy to the IRS reporting everyones income. There are only like 3 employees. I would like to know what would happen if i did’nt file my taxes. I could really use the extra money but i dont want to get in trouble.

Answer: You didn’t mention if the company you worked for withheld any taxes from your check. If they did you already have paid the taxes and may be due a refund. And if the company didn’t make regular deposits of those taxes withheld they would face fines and penalties, of which you would not be responsible.

However, you mention sending out 1099′s, which is used to let the IRS know that a company has paid an individual as an independent contractor rather that an employee. Companies usually do not withhold taxes from independent contractors and you would be responsible for the taxes.

If the owner of the company files a return for the company then he would be listing the amount paid as salaries. The IRS may take note of the expense item on the company return and wonder why there are no collaborating W-2′s to back it up. Which means that the company may get audited, and find out that you would owe the taxes.

New EPA regional boss’ top priorities, by state

Associated Press – February 13, 2010 9:35 AM ET Here’s a look at some of the top priorities for EPA Region 6 administrator Al Armendariz, the new head of operations for Texas, Louisiana,…

Tips for Filing Your Tax Returns from the Tax Expert

Some tips for filing your taxes

Only 60 days left until April 15. Are you at least thinking of filing your taxes? If so, see if any of these tips will help you: •Get free tax filing assistance. If you’re a senior citizen, Senior Connections, the Area Agency on Aging, can help you by appointment. Call (804) 343-3059. If you’re a working individual or family with income less than $49,000, the nonprofit Greater Richmond Earned …

Tax Deduction Tips & Advice : How to Take Tax Deductions for Charitable Giving

Question: is it possible to trigger an IRS audit on someone that I know under-reported capital gains on real estate?

A friend purchased property off someone and the purchase price reported on the settlement statement was supplemented quite a bit with a cash payment. First, how can this person be reported? And secondly, can my friend get in trouble since the settlement statement has the lower amount? And how can they prove the cash payment?

Answer: Follow the money………………………. the IRS will and you can get up to 10% for being a fink………………………

Pay your own taxes AIG needs more for bonuses!!!!!!!

The cash went somewhere, right? do what is right. but 1st start off on your own honesty.

Congress, IRS, Acting More Charitable For a Change, CCH Notes

Taxpayers have until the end of this month to make a cash charitable donation for Haiti earthquake relief and deduct it on their 2009 return, according to CCH, a Wolters Kluwer business and a leading provider of tax, accounting and audit information, software and services .