lindajoy wrote:
No, sorry, I didn't mean you filed them, I meant he filed them subject to an audit...
So audits are immaterial, is that what you are saying??
Nope, the IRS says that an audit immaterial. And if the IRS says it's immaterial, it is immaterial. They didn't comment on his returns other than to confirm that the IRS does not see any issue with sharing his taxes. WHAT DOES HE HAVE TO HIDE: forex exchanges with Soros, money laundering, a lack of donations to charities or giving money to Hillary's campaign. All of which are plausible.
An audit, as I have gone through a couple of them, is to request additional information, to confirm that you are providing the correct information.
For instance, I failed to check the "I'm not filing a Schedule D" box on line 13 and I was asked why I didn't file a Schedule D. I filed a schedule B because of an imposed corporate stock swap,so the dividend as accrued was simply the difference between the existing stock and the new stock price, which was supported by my 1099-DIV information.
Otherwise, my returns are correct.
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