Comments on: Got an Audit from the IRS

By: johnny lee buggs

johnny lee buggs — Wed, 25 Jul 2007 14:43:03 +0000

In 2004 i reported my refund cheak lost or stolen.The irs sent me a new check wich i reseaved.Now there holding me acoutable for the check becouse it was cashed.I was not the person who cash that check and should have not had to pay that back.I sent in the forms they sent me to prove my that it was not me,and in 2006 they toke my tax refund.i feel that they toke away my rights as a citazin.I think that this should be thought over again.12,00 dollers is a lot of money for someone just to take it from you.I feel like i was robed twise. from johnny lee buggs

By: ge

ge — Wed, 27 Jun 2007 02:17:34 +0000

I just got the same thing and my heart nearly stopped. I do not owe anything else though. I am debating whether to use an account to clear this mess up on the first try or not. Did you hear back from the IRS and did your letter with documentation suffice?

By: Jason

Jason — Tue, 24 Apr 2007 14:02:10 +0000

I just got a letter yesterday and it was much the same scenario. Letter said I owed over $20,000 in tax, penalty, and interest. Looks like I’ll really owe more like $1,600. ‘05 was the first year I had any capital gains to worry about and I totally muffed my tax return. On top of that, E-trade apparently sent the IRS a 1099-B for a same-day stock option exercise and sale, which was included in my W-2. So the IRS had me down for $35,000 in income (zero cost basis) just from that. I about had a heart attack at first.

By: Flexo

Flexo — Tue, 10 Apr 2007 06:14:25 +0000

Sounds like you kept a cool head through the ordeal. That is something I hope I don’t have to go through.