Was audited for 04 taxes, found an honest mistake where my husband thought did not have to turn in some stock?


Question:
so have to pay, i now find out was not turned in for 4 or 5 years,, altho it was an honest mistake he thought when closed account you paid,,, how likely is it to be audited for few years back since they found a mistake in 04

Answer:
not sure what you mean by "not turned in"... if you mean that he did not report sales of stock, then it is possible they will go back and look. if it was not a big amount of money they may not bother.
More Questions & Answers...
  • College Accounting Help?
  • I want to cash in my 401k. what is the best way for me to do this? should I roll it to an ira 1st? i'm 48.
  • How do I sell stocks? I have the certificates, and only a small amount.?
  • Can you help me to classify the following accounts in the balance sheet? Please have mercy...please...please.?
  • I want to invest in etf...i have invested in stocks...could someone give me american tax perspective?
  • A few more for anyone that can help... I appreciate it very much!?
  • What is the difference between IATA accounting code and Ticket stock code?
  • I need help with my account project. Please HELP!?
  • The questions and answers post by the user, for information only, AnswersRoom.com does not guarantee the right
    Copyright © 2007 AnswersRoom.com -   Terms of Use -   Contact us

    Hot Topic