The IRS Audit Blog

Archive for August, 2010

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Loose Change 9/11 documentary part 1

Restaurateurs turn to Nabity group

OMAHA – Owners of several Omaha food businesses say that while the Omaha City Council’s 2.5 percent dining and drinking tax is better than the 4 percent version Mayor Jim Suttle proposed in July, it’s still 2.5 percent too much for a struggling industry to bear.

Wheel Tax Would Affect Workers Living Outside Omaha

Question: Tax / Audit Question?

If you have not filed taxes for many years, and it catches up with you, is there a time limit the IRS can go back? Like if they want to audit or whatever it is called for not filing, is there statutory limits on the number of years they can go back? Example: If not filed in 10 years, can they go back the 10 years or just 3 or 6?

So I’ll put it like this.
If I (not really me) did not file in 10 years, what can happen? How many years do I need to show for, and what can happen?

Answer: No, if you haven’t filed, there’s no limit. The statute of limitations only starts running when the return is filed.

CCISD defers decision on nonprofit’s contract

District wants assurances that their budget will stabilize

Jobs Bill to hire 10.8 to 21.6 million workers Quid Pro Quo Jobs Program Joseph Garcia Video

Question: when your irs return is audit and in your favor it shows the irs owes you money, how long before u get paid?

It was audit and now its closed so when would I get my payment? whats the time frame

Answer: estimated time 6 weeks from the date audit resolved. check your mailbox daily so no one will steal it.

5 things to know about getting audited

1. Audits are on the rise

THE LAST AUDIT, Part 2

Question: When will I get tax refund back for 2010, since they changed the law this year I had to mail it in?

In January the IRS made everyone that was declaring the new homebuyers $8000 tax credit mail their returns in, no e-file was allowed. So I mailed it on February 16th, certified mail and they received it on February 19th, (according to USPS). So it’s been 2 1/2 weeks and the IRS website “where’s my refund” is saying they still have not logged it in and could take up to 6 weeks?! I chose the option for direct deposit knowing that would help speed it up. If anyone can comment on timing?

Answer: I mailed my return on Feb. 5th. According to USPS it was delivered on Feb. 13th. The WMR website is still telling me that exact same thing. It has been 3 1/2 weeks of waiting for us. I guess we are in for another 2-6 weeks of waiting. On Where’s My Refund this morning(March 10th) it finally says ” We have received your tax return and it is being processed. Unless we find mistakes or you owe more taxes you should receive your refund by April 13.

HuffPost College Freshman 8 Sleep Contest Rules

What’s Your Reaction? The 2010 HuffPost College Sleep Challenge (the “Contest”) is only open to contestants who are U.S. residents above 18 years old by June 22, 2010 and currently enrolled as a freshman in a US college or university. Void outside the 50 United States and the District of Columbia.

2010, 2011 IRS Federal Capital Gains Tax Law Information