Ever been audited by the IRS?

Question

What was the outcome? Did you panic? Did you keep all your records and reciepts as neatly as a rat keeps a shoe box?
Are you answering from prison?

No I'm not being audited...never have...cheat...who me????

Answer 1

4 times. 2 were "letter" audits. The IRS sent a form letter and asked for proof of an amount claimed. I sent the proof, and the case was closed.

One was an audit of Form 2106, Employee Business Expenses. I was in the Air Force and had a 90-day temp assignment that I had claimed. However, I had put "mechanic" on my 1040 for my job title. A 2106 for that much was a red flag item for a mechanic but would not have been for military. I didn't have much proof, other than a copy of the paid travel voucher from the Air Force. The examiner used "average" amounts for meals, laundry, etc. and re-constructed the 2106. I walked out with a check for $75.00 in my pocket because she came up with a larger claim than I'd filed.

The 4th was the dreaded "Taxpayer Compliance Audit", a line-by-line examination of my return. It took most of the day. Because of lack of proof for some maintenance costs on some rental property, I was assessed about $100.00 in taxes, interest and penalties. About 2 years later I was moving again and found those records. What a pain!

Answer 2

Yes, back in the 70's we were audited - that year they audited pretty much everyone with large moving expenses, and we had moved a family of 6 from AZ to PA due to a job change.

Outcome - we got something like $54 extra back. Had I been in a panic - sure, who wouldn't be. I was pretty good about having receipts, but not perfect, and they did allow a few small items where I didn't have receipts.

No, no prison ;-}

I assume you're facing an audit. Good luck. If you deliberately tried to cheat, then you're in a heap of trouble. Otherwise it won't be horrible.

Answer 3

confident better than as quickly as via some years, one grow to be an corporation mistake via submitting fake information, yet another grow to be additionally incorrect yet from the IRS I had no way yet to pay. The final grow to be 2 years when I had long gone to courtroom and sued a criminal to get my money invested in his biz lower back--I gained and did get my money lower back over a 5 year era--mr criminal were withholding taxes and not paying them into the stare or feds. I sent them to my criminal expert and he straightened it out. while i grow to be doing taxes I had an agent certainly tell me as quickly as i'd be greater powerful off to rob a financial business enterprise than to debris with the IRS. you need to shop your person information except your books are saved via the CPA that does your taxes. in case you purely take figures to an accountant and that they do your taxes they are no longer in probability of lower back you up in a suit, all they have been grow to be a tax preparer. stay on the instant and you'd be superb.

Answer 4

yes I was for 2 years worth. I took my taxes in to a professional, paid her $50 to prove I had done my taxes properly and not only did I not have to pay the IRS because I had done my taxes properly but I had UNDERESTIMATED what was owed and instead of paying them they still owed me money. I got a check within 3 weeks now I always have a professional do my taxes