How Irs Audit
May 22nd, 2010
Question: The IRS audited my deceased dad's estate last year, and looks like they want to audit again. How long?
My dad's revenue streams were converted to trust about 5 years prior to his passing. It has been 5 years since his passing. Last year, we were audited for his estate. There was a finding that there was no revenue. This year, I received a notice that they want to audit for two years.ago They even replaced his first name with Deceased. What kind of government bureaucracy flags a $0 income estate that has been closed (previously proven by IRS audit) Also I am not the executor, nor the recipient of any of the trust money.
Has the IRS gotten that callous and unfeeling that live people are not enough for them? Who was the idiot who changed his first name to Deceased in the IRS records? They spent over $100 Million on new computers and software, yet they can't determine that auditing closed estates over and over is counterproductive? First audit was 7 year audit, recent one is single year, 2005.
Answer: This is just a guess, but I'd say that the trustee didn't properly prepare the trust's tax returns when they were due. If the trust has been wrapped up, a final return should have been filed. That would have put the IRS on notice that there was nothing to go looking for any more and would probably have them off of your back now.
|
|
1040 or Fight $1.99 ... |
|
|
TurboTax Home & Business Federal + e-File + State 2010 - [Old Version] $8.15 TurboTax Home & Business was designed to help you take full advantage of your personal and business deductions so you get the biggest tax refund possible, double-checking for accuracy and identifying missing deductions and credits. Includes free Federal E-File. Everything you need to easily do your personal and business taxes. Guides you Step by Step through Self-Employment Income, Deductions,... |
|
|
TurboTax Home & Business Federal + State + Federal efile 2009 $42.89 TURBOTAX HOME & BUSINESS WITH... |
Harvard’s Faust Gets $822,011 in 2008 as IRS Examines Salary
Harvard University President Drew Faust received $822,011 in salary and benefits in 2008, according to a government filing made as the Internal Revenue Service scrutinizes compensation at about 40 colleges.
How to Avoid an IRS Tax Audit : How to Avoid IRS Audit Flags
Related posts
Posted in IRS Questions | 
Tags: audit, how irs audit, irs, irs audit, irs audit penalties, irs audit process, irs audit statute of limitations, irs audit triggers, tax, taxes, tips