For year 2003, IRS sent a notice saying that I owe a ridiculous sum of money.
This is primarily due to schedule-D. I had filed one for 2003 but totalled all the transactions rather than writing every item line by line. Unfortunately I had moved in mid-2005. So IRS mailed out some kind of errata which I needed to have responded by August 2005. Since I moved, I never received this notice. IRS then sent a collections notice in 2006. For which I responded with a new schedule-D with all the details. But IRS keeps ignoring every time I send a correspondence. I have hired a CPA. But today I received another notice, then I called IRS, they simply said, "Sir, your time to file for a correction to schedule-D expired in August 2005. So you owe us more than $100K. We will collect from you".
I obviously am going to call my CPA and ask him to follow up. But I wanted some help from someone who has gone through this. This is just to make sure that my CPA is doing the right thing.
Thanks
2007-01-22
22:06:16
·
7 answers
·
asked by
.
4
in
United States