Daycare.com Forum
Daycare and Taxes>So I Filed...How Long Until I Know If They Want To Audit?
SilverSabre25 07:08 PM 03-31-2011
I'm just paranoid. 
If they go ahead and accept the return and we get our refund, does that mean we won't be audited?
If they go ahead and accept the return and we get our refund, does that mean we won't be audited?
Michael 07:09 PM 03-31-2011
I would not be so worried. I have several businesses and have never been audited. (knock on wood)
SilverSabre25 07:15 PM 03-31-2011
Originally Posted by Michael:
I would not be so worried. I have several businesses and have never been audited. (knock on wood)
Yeah, I'm trying not to worry...I'm just paranoid! I blame it on the pregnancy hormones. I would not be so worried. I have several businesses and have never been audited. (knock on wood)
daycare 09:29 PM 03-31-2011
From what I understand they can audit you at any time. I got an audit from 2008 at the end of 2010. I had to pay only $800 so it was not too bad.
I got the audit because my husbAnds company went under and they never sent W2. I filed without it and eventually caught up with me.
That was my first audit in 30 years.
Don't stress ear some chocolate. Lol
I got the audit because my husbAnds company went under and they never sent W2. I filed without it and eventually caught up with me.
That was my first audit in 30 years.
Don't stress ear some chocolate. Lol
TomCopeland 08:23 AM 04-01-2011
The IRS can audit you back three years with these exceptions: didn't file a tax return, committed fraud, under reported your income by more than 25%. In those cases they can go back further.
Just because you get a refund doesn't mean you can't be audited. In general, audits for 2010 will probably start next year.
Just because you get a refund doesn't mean you can't be audited. In general, audits for 2010 will probably start next year.
SilverSabre25 09:19 AM 04-01-2011
Gotcha; thanks. I didn't know how it worked. Now I do!
legomom922 09:43 AM 04-01-2011
You just started entering your expenses, how did you finish so quick? Did you go through your house inventory like we spoke about? I started this in Jan and I am still at!! I have not left one stone unturned!