The IRS Audit Blog

Posts Tagged ‘IRS Audit’

Can you be held liable for claiming a relatives kids if the IRS audit them?

If you are not eligible to claim the children on your return,and you do claim them you will be charged penalties and interest on any refund that you received in conjunction with claiming the children and owe back any overpayment. Your future tax returns will be flagged and review for up to 10 years.

TaxACT 2009 Raises the Bar Higher on Free and Affordable Tax Preparation Solutions
New Features and More Forms Make TaxACT 2009 Products Ideal — for Everyone

Question: A finincial company prepares tax returns for individuals. Accoriding to the IRS those who make $25,000-$50,000

are audited at a rate of 1%. The tax company prepares 5 tax returns for individuals who fall in that bracket, and three of them are audited.

1. What is the probability that when 5 people making 25,000-50,000 dollars are randomly selected,exactly 3 are audited?

2. Find the probability that at least 3 people are audited

Answer: 56%
22%

BOE to eye alternate solutions for gender equity

Though some assumed the Brush School District would need to invest in a new sports field for girls’ soccer programs, there may be other ways to meet the gender equity requirements of the Office of Civil Rights.

Recession, Depression, and Murder

Question: The IRS audited my deceased dad’s estate last year, and looks like they want to audit again. How long?

My dad’s revenue streams were converted to trust about 5 years prior to his passing. It has been 5 years since his passing. Last year, we were audited for his estate. There was a finding that there was no revenue. This year, I received a notice that they want to audit for two years.ago They even replaced his first name with Deceased. What kind of government bureaucracy flags a $0 income estate that has been closed (previously proven by IRS audit) Also I am not the executor, nor the recipient of any of the trust money.
Has the IRS gotten that callous and unfeeling that live people are not enough for them? Who was the idiot who changed his first name to Deceased in the IRS records? They spent over $100 Million on new computers and software, yet they can’t determine that auditing closed estates over and over is counterproductive? First audit was 7 year audit, recent one is single year, 2005.

Answer: This is just a guess, but I’d say that the trustee didn’t properly prepare the trust’s tax returns when they were due. If the trust has been wrapped up, a final return should have been filed. That would have put the IRS on notice that there was nothing to go looking for any more and would probably have them off of your back now.

Fairbanks Ranch deal protested

Fairbanks Ranch Country Club By Joe Tash Contributor The Fairbanks Ranch Country Club, according to its Web site, is a “distinctly private, member-owned Club consisting of the most prominent business, professional and social personalities of the community.” While the club itself may be private, its 27-hole golf course, opulent clubhouse and other facilities sit on public land, owned by the city …

Obama Exposed No Change Just Lies

Question: Where can I get an official looking Irs Audit Report form?

I want to pull an April Fools joke on my dad and I was wondering where I could get a form.

Answer: Make one up – he won’t know what they look like.,

You are BAD!!!!!!!!

Rolling back misconceptions on income tax

The U.S. tax code is massive and complicated — the perfect fodder for mythmaking. Perhaps the most well-worn fallacy — shot down by many courts despite the best efforts of tightfisted taxpayers — is that federal taxes are actually illegal.

Obama’s ASU Speech: Napolitano’s ‘Extraordinary Talents…Keeping America Safe’+ IRS Audit Joke,etc.

Question: How does the IRS decide who to audit?

We just got a letter saying we are being audited for 2007 taxes. I don’t know why the would pick us…we even ended up owing them that year. Do they really need to try and get more money out of us?!?

Answer: They must have some suspicion about your return, but if you have all of your documentation and are on the up an up, nothing to really worry about. Be able to prove your claim. The IRS can audit even over $1 if they feel like it, but they can also be mistaken so be meticulous with your paper work and things should be cleared up. Keep a small cushion of cash in the bank just in case because you don’t want penalty fees added on to what they may decide you owe. Best!

Gopal (The Musical Mad Scientist and Entrepreneur)

http://www.gopalonline.com

Liberty Tax Service is Ready For Internal Tax Preparer Certification Program

Its Internal Tax Preparer Certification Program Has Been in Place Since 2007 (PRWeb Jan 7, 2010) Read the full story at http://www.prweb.com/releases/20100106/taxpreparercertification/prweb3415784.htm

Irs Audit Letter