So I Filed...How Long Until I Know If They Want To Audit?

[SilverSabre25]

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?

[Michael]

I would not be so worried. I have several businesses and have never been audited. (knock on wood)

[SilverSabre25]

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.

[daycare]

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

[TomCopeland]

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.

[SilverSabre25]

Gotcha; thanks. I didn't know how it worked. Now I do!

[legomom922]

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!