The IRS Audit Blog

Posts Tagged ‘IRS Audit’

L.A. City Council set to vote today on medical pot law

After a nearly three-year delay that resulted in hundreds of illegal medical marijuana dispensaries sprouting like weeds throughout Los Angeles, the City Council will try to pass a landmark ordinance today that would better regulate the industry.

Audit Trent Franks and the rest of the House of Representatives!

Question: IRS Audit Timeframe – Statue of Limitations?

If you get audited on your 2008 taxes, would the IRS ever go back 5 or 10 years and re-audit those taxes? Or is there a certain cutoff timeframe of when audits are no longer done? I would assume that finding records and receipts from 10+ years ago would be impossible.

I guess what I’m asking, is there a statue of limitations on Audits?

Answer: 3 years from the date of the filing or April 15th, whichever gives the IRS more time.

6 years if there is a significant misrepresentation of the facts.

Indefinite, if no tax return was filed.

Question: Can i still file a return if im being audited PLEASE HELP!!?t would you like to ask?

i recieved a letter from the irs about my 2005 return i made just under 30000 that year and got back like 2600 i was itemzed by my tax preparer now they want me to prove it or pay back plus interest 3100. I made rougly 38000 this year and they took about 5100 from me in taxes can i still file my 2008 return get that money back and make a payment plan with the irs i havent replied to letter recieved in December from the irs please help!!! and if i do get a return i claim 0 no deductions how much of that 4900 can i get back o and im also in FL

Answer: Something is wrong with this picture. IRS should not be auditing ordinary 2005 returns because the statute of limitations for assessment expires in less than three months. What is really going on?

AZ oversight agency eyes SEABHS action

The agency designated by the state to manage publicly funded behavioral health services in Santa Cruz, Cochise, Graham, Greenlee and Pima counties is on the verge of issuing a corrective action plan to the embattled Southeastern Arizona Behavioral Health Services.

IRS Help From IRS Practitioner Service

Question: IRS Audit for Amended Return?

I have a small business (restaurant).

My 2005 tax returns were totally off. Gross sales and COGS were off 110% ($50K to110K and 26K to 55K), and lots of deductions were not included. This is a family business and my brother did the returns and totally screwed up. The old 2005 return paid the IRS $350. With the amended returns, I’m going to be paying them $1300. The amended return numbers are pretty similar to my past returns.

I’m really paranoid because I’m afraid this might trigger an audit

Answer: You will be paying them $950 more with the amendment and they may want some interest. That is likely the last you hear about it. If you can support the numbers on the amendment why worry about an audit. In most cases if you are not trying to do something wrong an audit is no big deal other than the time it take to prepare.

Nett: New tax rules now in effect may affect your preparations

There weren’t any big, sweeping changes in the federal tax law for this year, but there were a few tweaks here and there – things to have in mind when you meet with your tax preparer about your 2009 Form 1040, and things to know, or at least think about, as you do business in 2010.

Official: Plane crash pilot left anti–IRS Web note

AUSTIN, Texas (AP) —- A software engineer furious with the Internal Revenue Service plowed his small plane into an office building housing nearly 200 federal tax employees on Thursday, officials said, setting off a raging fire that sent workers fleeing as thick plumes of black smoke poured into the air….

EEP100 – Lecture 13