The IRS Audit Blog

Posts Tagged ‘new york state tax’

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