Comments on: The Tax Man Cometh

By: Grace

Grace — Fri, 11 Dec 2009 16:33:21 +0000

FreeTaxUSA – How funny to see the numbers in that article about increases in audits of people with incomes over $1million and over $200,000.

They left out the statistics on people making less than that; I would be very curious to know what those increases were.

Yes, it was for the 2007 tax year.

By: FreeTaxUSA

FreeTaxUSA — Wed, 09 Dec 2009 17:21:09 +0000

Great advice on reducing the stress of an audit. Just out of curiosity, how many years back did they go for the audit?

It looks like audits are increasing on all tax payers (regardless of income level or tax situation). This IRS article is from the 2007 year but I’m sure the trend is the same for the 2008 tax year.

http://www.irs.gov/newsroom/article/0,,id=177701,00.html

By: Grace

Grace — Wed, 09 Dec 2009 00:08:07 +0000

Margaret – Yes, I totally get what you’re saying! It’s so cool to just be able to go to the file cabinet and put my hand on exactly what I want.

That’s why I say I can’t not be organized – it’s just how I’m hooked up.

GOOD LUCK with your audit! check back and let us know how it goes!

By: Margaret Lukens

Margaret Lukens — Tue, 08 Dec 2009 23:58:54 +0000

I have an audit scheduled for this Thursday. Pulling together all the documents the IRS auditor has requested makes me doubly glad I’m a professional organizer. Receipts for 2007? Not a problem!

I hope my audit goes as smoothly as yours did, Grace.

By: Grace

Grace — Tue, 08 Dec 2009 04:42:24 +0000

Mark – Yes, indeed.

I made a comment something along those lines to “M,” my auditor, and he gave me a bit of a funny look and said, “Be careful what you wish for.”

Just ’cause the first one went well doesn’t always mean the next one will be as happy.

Still, as my finance guy says, tax avoidance is legal; it’s tax evasion that gets you in trouble!

By: Mark W Schumann

Mark W Schumann — Tue, 08 Dec 2009 04:28:55 +0000

My father keeps records in a far less organized manner, and he got audited quite a few years ago now.

After spending all day with the IRS examiner, he was told to wait for the audit results. A month or two later, the letter came back indicating errors had been found in the government’s favor, so enclosed please find a check for something like $900.

A while later, another letter came, explaining that the first letter had been in error. Along with a check for an additional $1200.

Dad says he would welcome another tax audit at the government’s convenience.
.-= Mark W Schumann´s last blog ..When your C# has to be fast. =-.