The IRS Audit Blog

Posts Tagged ‘personal’

Tax deductions: Parents pay student’s debt. Is it deductible?

Tax deductions for parents who pay a student loan in their daughter’s name look iffy. Tax deductions are leadoff question in this reader mailbag.

Personal Finance: 401(k) : How to Withdraw Money From a 401(k)

Question: Does California not pay a tax refund if filing more that three years late like the IRS?

I just caught up on all my taxes for the last four years (I had all refunds or no taxes). Now for my 2004 Federal taxes I was too late to get my fed refund because they only go back 3 years for refunds. My question is whether there is a similar expiration to California refunds, if the year of that refund has not been filed by a certain time.

Answer: California Revenue and Taxation Code section 19306 provides for a four (4) year limit from the date that the tax return should have been filed or in the case of an amendment four years from the date that the original return was filed. Filing a late 2004 California return would get you a refund if you overpaid. You should also file the federal return although you will not get a refund.

Rich, famous and tussling with the taxman

These stars made it big, but they neglected to give Uncle Sam his share.

A Complete Guide to the $7500 Federal Tax Credit

Question: Can anyone recommend a GOOD tax attorney in the Atlanta area?

Answer: I would look on Kudzu.com.

http://www.kudzu.com/controller.jsp?Ne=1001369&searchVal=Attorneys&currentLocation=Alpharetta%2c+GA+30022&omnCatRefine=Tax+Debt+Assistance&N=9100+1009772&Ns=P_RatingsAverage|1||P_RatingsTotalCount|1&Nu=P_CompanyID

I narrowed the search down to Tax Attorneys…give it a shot.

State water managers oppose federal Everglades cleanup plan

Water managers on Thursday roundly criticized a court-ordered federal plan to speed up and expand the sluggish, repeatedly delayed effort to stem the flow of pollution into the Everglades.

Attorney Jobs in Atlanta

Question: IRS Audit – How far in the back can IRS go?

How far in the back can IRS go if they find discrepancies in the individual tax returns? Just curious? I heard that they cannot go beyond 3 years. Is that true? Pls advice.
Thank you guys for the answers.

Answer: For tax fraud, there is no limit. Otherwise it’s 3 tax years.

Will Traficant Stage a Political Comeback?

BOARDMAN, Ohio (AP) — A hero of the tea party movement is seated in a corner booth at his favorite diner, his famous toupee sticking out above the wooden slats like a warning.

The Year of the Bank Robbery

Editor’s note: The following is a comprehensive, month-by-month look at what made news last year. But first, here’s a review of the story that kept coming back in 2009.

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