being audited by IRS, should i still file tax return for 2012?
Asked by: jhuntres
ok, i am being audited by IRS based on false informations they recived from my stock broker company in 2010. now i am filing petitions with tax court. i was jjust wondering is it safe to file for my 2012 tax return? i have over 8K tax withhold….or irs will not refund those withholding until everything gets clear?
my stock broker did not give me 1099. i initially had 4000$ from my saving transferred to my stock broker account and the through out the year, EVERY-TIME i bought and sold stock with my 4k, they ADDED all those moneys and securities, and at the end they said that i had over 28,000$ securities in stock market and did not report all these money. they considered these as income….for the whole year, i had total of 300$ profit out of my own 4000$ saving money that i transferred to my stock account!!!
they told me that i have to pay 4500$ taxes and interest on the money I NEVER HAD..!!!
I AM VERY FRUSTRATED!
well even if i hire someone and redo my taxes for 2010, what should i do with 200$ interest IRS charged me???
they send me so call “THREE NOTICED” I NEVER RECEIVED DURING PAST YEAR.. finally they send a certified letter stating that its too late for negotiations.. i either have to pay whole taxes + interest OR file with tax court…. which i did the second one…they answered the court and now i am waiting for IRS to call me for conference!!