The IRS Audit Blog

Posts Tagged ‘politics’

Question: How about the IRS handling your healthcare?

WOW as if we don’t hate the IRS enough!

http://www.washingtonexaminer.com/politics/Health-care-reform-means-more-power-for-the-IRS-56781377.html

Answer: I wouldn’t expect anything less from this Administration. If you think you have a hard time filing complaints against your current insurance.
Wait until the decision comes from the IRS!
This would be funny if it wasn’t such a hideous thought!

The Note, Special Edition: Welcome To The ‘New Normal’ Of Bipartisanship, Even Bigger Fights Coming Soon

The government is up and running as usual this morning thanks to an 11th hour deal struck last night by negotiators on Capitol Hill, but here’s a word to the wise: the intensity of the past week will be nothing compared to the coming battle over even larger spending issues.

IRS Reform Advocate – Michael Minns – Steal this Video – PART3

Rutgers job fair draws more applicants, companies than last year

NEW BRUNSWICK — Optimism about the job market emerged from hibernation today at Rutgers University’s bi-annual jobs fair, a turnaround from last year’s emptier fairs that reflected the chilled economy. Belle Phanawat, 25, of Plainsboro, has been waitressing and working…

1 Million Jobs to Disappear

Question: According to the IRS, more Republicans feel the “Bush Recession” than Democrats do. Why would that be?

Funny how: “freedom of information” works.

Answer: Because all the money went to Democrat areas, while the Republicans refused to sign our children’s’ future away in the liberal dream bill a.k.a. the stimulus bill and on top of all that , Obama has promised to bankrupt the oil and coal industries and tax the rest of them into the ground, so Republicans have everything on hold and as soon as the stimulus money runs out, we will all be in trouble–Democrats ,Republicans and Independents************

Pasco business news

BrieflyThe Perich Eye Center/Zephyrhills Eye Institute, 38921 Market Square Drive, Zephyrhills, has opened a new retail optical shop.

Cracking The IRS Code – Time For The TRUTH- Part One

Question: Does the IRS computer look at ever single form?

I did my taxes with Turbo Tax and I got the audit defense with Tax resource compan. Can they really help me if the IRS decides to audit me?
What kind of penatlies should I expect if I am audited, they find errors but they are minor?
After re-reviewing my return, I show AGI of $45k, 34k taxable, total tax payments 14k refund 6k. I had a AGI of 86k but I claimed foreign income with less than 330 days. Would this get flagged?
If I didn’t amend it, would they first try to send something in the mail? I go tmy state return already but not my federal they said by APR10 I should get it. Should I just wait to see what happens or is it mroe severe if I dont do something about it.

Answer: Whether or not every form is looked at isn’t relevant if we’re talking about an audit. In that case, yes, every form is looked at.

You should therefore assume that every form is looked at.

With audit defense, the folks at Intuit (the maker of TurboTax) will pay for an accountant to go with you to the audit. If an error is found in your taxes which was due to an error in the software, Intuit MAY compensate you.

If the error was yours, Intuit will not be able to help you.

If you make a minor error and the IRS believes it was a honest mistake, they may not give fine you more than paying interest on the amount of the error. If they feel that you were attempting to falsify, no matter how small, they COULD prosecute you. In general, this doesn’t happen so I wouldn’t worry unless you really were trying to commit fraud.

SpeedTax Investor Group Green Lights Significant New Round of Private Equity Funding

LONDON—-SpeedTax, a provider of Software-as-a-Service , fully-automated sales tax management solutions, today announced it has secured a new round of private equity funding from Committed Capital, an international private equity and advisory firm with offices in London and Sydney, Australia.

Miami Attorney on Summary Judjenent. Foreclosure Defense

Question: Penalty for doing taxes wrong?

I had to do my taxes myself this year. I found that I made mistake, actually someone pointed it out to me. Of course they could be wrong. I put amounts in the wrong catagory. Anyway, I had to do them myself because I only rec’d one check from the company I worked for in ‘07 – $350 (fired because I became disabled) and then got unemployment (I don’t get a rebate check). Anyway, I have never done my taxes myself before. I just could not afford to get them done by a professional – had brain surgery not long ago and still recovering from it – can’t work yet. So, if I call the IRS or just send an amended return, will I get penalized – like they do when they audit you and fine you all kinds of money?

Thanks.

Answer: Like the others suggested, it is in your best interests to file 1040X AMENDED RETURN where you show and explain what mistakes, ommissions occurred and then you recompute your revised tax amount. There is room on the actual 1040X form itself for you to explain what you did wrong and unless you had to write a huge check and owed taxes, most likely penalty and interest would be waived.

Hope the Above Info Helps!

Tragedy highlights flaws in our laws

My heart goes out to the family and friends of Brodie Panlock. Such a senseless loss of a beautiful young girl cannot be ignored, yet sadly it is not an isolated case.

We Do Not Work For the Government!