The IRS Audit Blog

Archive for April, 2010

Question: on parole and have an IRS audit that cannot prove?

I know someone that is on parole on drug related issues and they have an IRS audit that they just received from their taxes last year. They claimed someone elses children and gave that person money when the check came in. Now they do not have any proof of supported these childred financially. What will happen???

Answer: Say hello silver bracelets.

PRIMARY 2010 – 13TH CONGRESSIONAL DISTRICT: REPUBLICANS

Crowded field of six is competing for nomination as 13th District’s rep What is the most important issue facing the district right now and how would you address it? Brihan: Once Congress passed Obamacare, repealing it became the most important issue. Currently, you, the patient are in charge of selecting the course of action regarding your health [...]

Tax CPA in Houston – Tax Solutions for You and Your Business!

Question: IRS refund phone line question?

My return was accepted by the IRS according to the company I used and said my return will be deposited on 1/25/2010 but the IRS website & Phone line said no information is available. Is everyone having issues with both internet and phone?
i meant the 29th

Answer: Same here,yes.

Time to upgrade your heating system

If your heating system is old and inefficient, now is a great time to replace it with a new, high-efficiency model.

Let’s Active (Mitch Easter) on IRS Records Presents The Cutting Edge

Pharmaceutical, Healthcare & Life Sciences

Uniform explanation of coverage. Currently under ERISA, administrators of group health plans are required to provide enrollees with a summary plan description (“SPD”) that explains the material terms of the plan, and a summary of material modification when material changes are made to such plans.

tha mo show

Question: Issues with health insurance coverage for stepchildren in college?

Anyone who has had issues getting stepchildren health insurance coverage thru their stepparents company..where the requirement is to be Fulltime student (given) AND must be a dependant on Tax Return..in order to keep coverage? My 20 yr. has now been dropped retroactive to 12/07 and can not get Cobra cuz too much time has laspe. Policy changed a couple years ago..news to employees; company now auditing. Biological children, Foster kids and kids of same sex partners to not even have to meet this requirement. How can that be? Any regualtions that say that is not allowed? Help!

Answer: Are you positive that it is only stepchildren?
Some policies do have the stipulation that the child must be claimed on the parents income tax. Unfortunately the insurance company doesn’t check the child’s status until there is a claim – then a letter goes out requesting the required documentation, full time student, and tax return.
So, people who’s children are still on the policy might just not have had a claim that triggered the paperwork to check status.
If it truly is just step-children that are being prejudiced, then call your state insurance commission and they will be able to direct you.

Tax notes: Project R.I.P.

TO MAXIMIZE estate tax collections, the Bureau of Internal Revenue (BIR) has launched Project Rest in Peace (R.I.P.), which shall monitor potential tax cases by establishing linkages with private and read more

Life Insurance Policy and Annuity Audit

Question: When will the IRS Audit me?

I was using the tax calculator to see approximately what i’ll get back next year and I think I just noticed a mistake on last years taxes. I did them online and think i either made a typo or error on my wages which put me higher than what I made. When will they notify me that I screwed up? What can I do to fix it? Do they ever just not give up the money if there’s a problem? If I screw up again this year will they notify me right away? Would make my life easier >:-( What can I do to fix this or how do I check if it WAS a mistake?

Answer: If you reported more income than you actual income, chances are that IRS will not contact you.
So you should file amended tax return Form 1040X.
Column A is what was on the original return, Column C is what should have been there (that is corrected amounts) and Column B is the difference. Complete these columns and then refigure your tax.

Line 19 – original refund amount, Line 20 – revised refund amount – original refund amount,

Keep spending in check to help stay current on loan payments

Dear Karen: What’s the best way to stay current on loan payments?