The IRS Audit Blog

Archive for July, 2010

Wisconsin fall election breakdown

By: Ariel Shapiro The remainder of 2010 is going to be big for Wisconsin politics. Both Gov. Jim Doyle and U.S. Rep. David Obey, D-Wis., will not be seeking re-election, leaving two of the state’s most vital races completely up in the air. Additionally, Republicans a…

Governor Jim Doyle Recall tax protest in Milwaukee RecallDoyle.com

Question: Audited, owe the IRS, now what?

My husband and I underestimated 1099 income on our 07 taxes. SSN’s hit in their system? Point is, we owe. Can I simply file an amendment at the time I go to have our 08′s filed, taking along the paperwork, and have the amount we owe deducted from 08 return? Or do I have to ante up prior to?

Answer: If there was an error on your 2007 return that can be corrected that will reduce the debt then you should amend the 2007 return. If you agree with the assessment, just let the IRS know and they will proceed with the normal collection actions.

You can set up a payment plan if you cannot pay the amount in full. If they have already assessed the tax it will be withheld from any refund due on your 2008 return, however they give you 30 days to respond to the initial letter so it’s very possible that they will not offset your refund this year if your return is processed before the 30 days expires.

Francine McKenna: Will Auditors Ever Answer to Investors for Aiding and Abetting?

Urge your Senators and Congressmen to support a repeal of Stoneridge and a restoration of the private right of action for aiding and abetting of fraud, in particular by third parties such as auditors.

How to Avoid an IRS Tax Audit : How to Avoid IRS Audit Flags