Discussion:IRS and Turbotax

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Revision as of 14:55, 27 September 2009
Death&Taxes (Talk | contribs)
(Maybe Tim Geithn)
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Smokeytax (Talk | contribs)
(My theory is tha)
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{{ForumReplyPost|UserID=Death&Taxes|Date=27 September 2009|Text=Maybe Tim Geithner did a hands-on audit.}} {{ForumReplyPost|UserID=Death&Taxes|Date=27 September 2009|Text=Maybe Tim Geithner did a hands-on audit.}}
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 +{{ForumReplyPost|UserID=Smokeytax|Date=27 September 2009|Text=My theory is that if the IRS starts being hard-nosed about Turbotax computational and carryforward errors and word gets out, more folks will go back to sending in paper returns, & the processing system will grind to a halt.
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 +Or, Congress might have to (gasp) simplify taxes and then where would we be?}}

Revision as of 20:02, 27 September 2009

Discussion Forum Index --> Basic Tax Questions --> IRS and Turbotax
Discussion Forum Index --> Tax Questions --> IRS and Turbotax

Smokeytax (talk|edits) said:

27 September 2009
Here's something I think you all will find extremely interesting.

My pal prepares her own tax return with Turbotax.

She got audited for 2007 & I was giving her a hand in understanding what documents the IRS wanted, mainly relating to schedule A deductions.

We discovered that there was a $10,000 overstatement of her employee home office deductions stemming from the figures Turbotax imported from the prior year.

She sent the IRS the volumes of documents for everything they were asking for, plus explained the error we had discovered & requested that the IRS bill her for the additional taxes.

Well, what do you know - the IRS issued a No Change letter!

So, why would they do that?

Blrgcpa (talk|edits) said:

27 September 2009
Maybe they found what they were looking for. It happens.

CrowJD (talk|edits) said:

27 September 2009
Smokey, I think they were so impressed that she even had a home that they gave her a break.

Death&Taxes (talk|edits) said:

27 September 2009
Maybe Tim Geithner did a hands-on audit.

Smokeytax (talk|edits) said:

27 September 2009
My theory is that if the IRS starts being hard-nosed about Turbotax computational and carryforward errors and word gets out, more folks will go back to sending in paper returns, & the processing system will grind to a halt.

Or, Congress might have to (gasp) simplify taxes and then where would we be?

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