I made a mistake on my income tax return and I'm afraid I'm asking for an audit by filing an amended return. Don't get me wrong, filing the amended return is the right thing to do and I'm going to do it. I'm just afraid I'm going to get the audit smack down for doing it.
2006-06-28 05:30:21 · 6 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
you will not get an audit for doing an amended return. many people make simple errors just by transposing numbers. i suggest you file the amended soon though, as they get such a volume of them in it can take several months to process them.
generally the things that trigger audits are extremely high itemized deductions, claiming a large number of dependents that significantly reduces taxes, social security numbers claimed on multiple returns, multiple head of households at the same address, etc.
you're in no danger of getting an audit for an honest mistake.
2006-07-03 11:12:56 · answer #1 · answered by Kismet 7 · 3⤊ 0⤋
Filing an amended return does not raise any additional red flags with respect to the chances of being audited. Especially since you are proactively making the change due to a mistake that you became aware of after the filing.
Having said that, if your amended return is going to result in an additional overpayment (ie: you are getting money back), I would guess that your return will get a bit more scrutiny than if your amended return results in taxes payable.
Just make sure that you clearly state the reason for the amended return (ie: Gross wages on Schedule C was previously erroneously reported as $XXXX. The actual amount should have been $XXXX - there is a space on your 1040X for this explanation). You should be fine as long as you are doing so in good faith.
2006-06-28 07:21:59 · answer #2 · answered by G-man 2 · 1⤊ 0⤋
The IRS is being stretched thin like most governmental agencies. People who get audited are usually those who make 250 thousand or more a year. They don't have the time, the money, or the manpower to audit the difference between 100 bucks or 500 bucks - small coins to them. They are going after big fish like corporations.
If you made an honest mistake, then no big deal. I wouldn't worry about it. If you make those kinds of dollars, then you should. However, if you did, then you would most likely have a professional agency file your taxes.
Don't sweat it.
2006-06-28 05:36:54 · answer #3 · answered by Fun and Games 4 · 0⤊ 0⤋
i am a tax preparer and if you make mathmatical errors, put things in the wrong spot, or forget forms, and audit might come up., also if your donations are too high and your schedule a or c is a very high deduction off your taxable income. The irs usually alternates, they pick a certain schedule and focus on that one year , then they might change to a different one next yr.
2006-06-28 07:26:13 · answer #4 · answered by blondey_jen 1 · 0⤊ 0⤋
filing an amended return does not automatically trigger an audit. in fact, if you file the amendment, you are safe from being prosecuted for that item. go ahead and file.
2006-06-28 05:34:10 · answer #5 · answered by Kutekymmee 6 · 0⤊ 0⤋
Don't worry it will be okay. Usually they target people with money. They target people whose income have dramatically changed from one year to the next. They target people making greater than $100,000.00/year. Although it is rare, some people just get targeted for the .... of it
2006-06-28 05:36:26 · answer #6 · answered by maniaajo 3 · 0⤊ 0⤋