Clean audit

Aug 11, 2010 5 Replies

Back in mid-March, you may recall, I got an IRS audit notice on my



2007 return. I put together a 2"-thick binder of evidence and sent it off. Yesterday, after several "pardon our delay" letters, they gave up and said, no changes. Now I can amend my 2008 return, where I left off a significant deduction that came to light during the preparation for the audit. I don't think I will sue the accountant that prepared that return.

Why not??? If you're comfortable with your claim, make it. Your accountant, if he/she/you made a mistake, should be asked to prepare the return at no charge!!=:) Of course, one caveat is that you may be reopening the 2007 issues.

snipped

OK< I'll poke John first - John, did you read the signature of the post to which you responded?

Tom is a CPA - so I surmised that HE prepared the return with the error.

On the other hand, maybe Tom didn't give Tom all the info and the error wasn't his fault. His "who" - STOP. This is starting to sound like "who's on first."

Gene E. Utterback, EA, RFC, ABA

Yes, I DID, indeed, and he's not even a novice CPA!!!-:) It's sometimes fun, to have fun!!-:) Notice the he/she/you qualifier!!-:)

I thought the good doctor might have been caught up on one of his mountain tops where, pumped up with an over abundance of oxygen, he decided to test our wits!!-:)

As physicans like to say, suture-self.

It's definitely going to be at no charge. I believe the error came about because of changing tax programs. The basis-limited losses from a few years before became usable in 2008. When my son thought he could become a CPA, I hired him for 9 months until he came to me after cracking open the Accounting II book, saying "I can't even understand page 1." He is much better as a novelist and web cartoonist (ianthealy.com).

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