The IRS Audit Blog

Question: How do I look up my ITIN? I’ve lost my copy of it.?

I applied and received a ITIN # last year and my husband & I filed 2007 taxes as “married/jointly.” We are still stuck in the immigration process and he needs my ITIN to file for 2008. I don’t think I have a copy of my number and he can’t find a copy of it either. Can I just call IRS and have them look it up? What number would I call? (I’m in Canada and he is in WA.)
Thanks

Answer: Call the IRS at 1-800-829-1040, they’ll ask you about the documents that you submitted to get your ITIN number (Passport or Birth Certificate, ID or Drivers Licence, etc.)

Tax Tip: Five important facts about dependents and exemptions

When you prepare to file your tax return, there are two things that will factor into your tax situation: dependents and exemptions.

NWO: AMERO NEW CURRENCY???= (CANADA+AMERICA+MEXICO) WARNING, PLEASE WATCH.

Question: Is there a address to fedex my tax forms into?

Fedex won’t deliver to a PO box, which is where my tax forms say to mail them. I scoured the IRS website but couldn’t find anything. Does anyone know?

Answer: You’d need to use the USPS Express Mail if you’re in a hurry to send your documents to the Internal Revenue Service. The USPS will deliver overnight mail to PO Boxes.

If you’re willing to pay those prices, consider e-Filing instead. The $20 fee is probably less than your overnight mail is going to cost you, and you’ll get your refund quicker.

Increasing the Stakes of Using ‘Nonemployee Workers’

Healthcare reform might lead employers to think that calling workers independent contractors is the way to go. But new federal and state initiatives could lead to problems, should employers fail to properly classify workers.

Pilot Beat the IRS in Court? – Vernie Kuglin

UTC Reports Fourth Quarter and Full Year EPS of $1.15 and $4.12; Affirms 2010 Outlook of 7 to 13 Percent Earnings Growth

United Technologies Corp. today reported fourth quarter 2009 earnings per share of $1.15 and net income attributable to common shareowners of $1.1 billion, down 7 percent and 6 percent, respectively, over the year ago quarter. Â Results for the current quarter include an $0.08 per share charge for restructuring costs net of one time items. Â In 2008, there was a net benefit of $0.06 per share …

Concord, CA bookkeeping & tax practitioner licensed with the State of California

Question: Can I file an amendment to my tax returns for the returns that are under audit?

I am being examined for my deductions. When I looked for the supporting evidence, I realized that I drastically have the wrong numbers for the deductions and kept bad records. I have been requested to go to an interview audit. Is there any way that I can amend those returns and pay those back taxes before I go to the audit and avoid further penalties?

Answer: Filing an amended return now won’t do anything to penalties. Just present the documentation you have and hope for the best. If the additional tax is less than $5,000 the auditor can take a pass on any penalties if you can show you didn’t intentionally under-report tax due.

Hannon Announces New Limited Time Tax Savings

Don’t miss out on your opportunity to grab up to 80 percent of the penalty and interest on your New York State Tax debts this new year. Senator Kemp Hannon (6th Senate District) is alerting taxpayers of a simple way to receive a significant tax savings.

IRS Tax Audit? Got an IRS audit? Heres what to do first

Question: Filling out the W-4 IRS form?? HELP!!?

ok… im 21 years old… im single , and only have 1 job , no one claims me as a dependent…… what should I put on line # 5 on the form???… how many dependents??? whats my best option to get more money??

Answer: To get more money during the year, you could increase your # of dependents, but if you want more $ at the end of tax season, you would do 0. Technically, you should check single, and say “1″ exemption for yourself. This is the most accurate, will probably yield you a small refund, but put you as close to 0 without owing as possible.

Your 7-Step Mid-Year Money Checkup

Open your wallet wide. Use our step-by-step guide to giving your financial empire a mid-year tune-up.

Basic Explanation of W-4 tax Form : IRS Withholding Calculator & W-4 Tax Forms