--- In vpFREE@yahoogroups.
>
> I recently was picked for an IRS compliance audit (Las Vegas
office,
> 2006, Form 1040). Big honor, huh?
>
> Among the (many) items the agent has asked to see are gambling
records,
> including my gambling diary, W2-G forms, casino win/loss
statements,
> markers, casino checks, etc.
>
> I have read a lot of general suggestions and interpretations of tax
law
> and regulations here in the past. Has anyone had actual first-hand
IRS
> audit experience that they are willing to share, here or
privately?
> Thanks!
>
Did you have a larger number of W-2's. Was there a big jump in your
income from previous years. I am always curious about why one would
be singled out. Also surprising is how quickly you have been selected.
In the past they usually send a letter for an audit for a return a
couple of years old. They must be able to do quicker audits now. It's
actually in the IRS best interest to try to audit returns 3 years
old. That is more trouble for the taxpayer as he has to pay for bank
statements. Also it is more likely the taxpayer has misplaced records
which gives the IRS a better chance to collect money. The less
records the person being audited has reduces their chances of winning
the audit.
Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch format to Traditional
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe
__,_._,___
