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Daycare and Taxes>So I Filed...How Long Until I Know If They Want To Audit?
SilverSabre25 08:08 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?
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Michael 08:09 PM 03-31-2011
I would not be so worried. I have several businesses and have never been audited. (knock on wood)
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SilverSabre25 08:15 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.
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daycare 10:29 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
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TomCopeland 09:23 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.
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SilverSabre25 10:19 AM 04-01-2011
Gotcha; thanks. I didn't know how it worked. Now I do!
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legomom922 10:43 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!
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Tags:audit, irs, tax refund
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