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Re: IRS Sent me a Letter and a much bigger Refund.............
Old 05-14-2007, 11:34 PM   #8
Thinks s/he gets paid by the post
 
Join Date: May 2005
Posts: 3,657
Quote:
Originally Posted by FinanceDude
Planned on it. I found out she made two estimated tax payments totalling $3900 that the CPA didn't have info on.............so maybe that's the reason..............

There you go.... The IRS is not in the business of changing your tax return without some good info... that is why you get an audit... now, if you had missed a 1099 or W2 they will put it down... and as you can see, if you missed the estimated tax payments they put that down also...

They don't say, wow, this guy took a conservative approach and he can get MORE back if we are aggressive... that just will never happen.. NOBODY can be more conservative than the IRS.. heck, they consider you have a zero basis in any stock sales you make... you need to come up with the amount or all proceeds are taxable...
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