The IRS Audit Blog

Posts Tagged ‘currently’

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: Tax refund while in Ch13 Bankruptcy?

I just calculated my 2005 tax return and found that I am due a small refund (about $450). I filed Chapter 13 about two years ago, and the IRS is one of the debtors. I’ve searched the Internet and have come up with sites with all different answers saying I will get the refund, I won’t get a refund, and that I should not file electronically. Any advice on how to file and whether the refund will actually be given to me? If it makes a difference, I am in Texas. Thanks for your help! (PS I know I should probably contact my attorney with this question but she is a useless b–tch.)
Is it even worth what I would pay an accountant to get an answer from one?

Answer: This is something you should talk to a CPA about! An attorney is not allowed to give financial/tax advice!

Capitola city attorney questions medicinal pot deliveries

CAPITOLA — The city attorney has questions about Capitola Cannabis, an online cooperative started by a Los Angeles man who makes home deliveries of medical marijuana that he asserts comply with state law.

Tampa tax attorney answers questions about enrolled agents pt 3