Ask Experts Questions for FREE Help !
Ask
Page 2 of 2 « First < 2
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #21

    Jul 23, 2012, 11:11 AM
    They are basically telling you that they got the amendment and are processing it, and will get back to you when they are done.

    Do NOT lose any sleep over this. They got the amendment, and they cashed the check. The rest is a paperwork drill, with MAYBE a small interest or penalty that will be billed to you sometime in late August/early September. Given what they ORIGINALLY asked for, I suspect you will gladly pay that bill if and when you get it.
    bbspeterlee's Avatar
    bbspeterlee Posts: 36, Reputation: 1
    Junior Member
    		  
    #22

    Jul 23, 2012, 10:38 PM
    Thanks for your reply. I would like to pay the interest and penalty if I have to. I just want to get the reply ASAP, so that I could do my amendment for my 2010 local tax and 2011 tax (federal and local, I should get some money back).
    bbspeterlee's Avatar
    bbspeterlee Posts: 36, Reputation: 1
    Junior Member
    		  
    #23

    Aug 22, 2012, 06:09 PM
    I finally received their response. They used the information I provided to refigure their original proposal, and the Proposed Balance Due (including interest and penalties) now is less than $100.

    So I just need to send back with the response form and a check, right?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #24

    Aug 22, 2012, 07:27 PM
    Yes, that is correct. Once they receive the form and the check, that should end it.
    bbspeterlee's Avatar
    bbspeterlee Posts: 36, Reputation: 1
    Junior Member
    		  
    #25

    Aug 29, 2012, 10:12 AM
    Quote Originally Posted by AtlantaTaxExpert View Post
    Yes, that is correct. Once they receive the form and the check, that should end it.
    They cashed my check. Should I expect to receive a confirmation letter ?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #26

    Aug 29, 2012, 10:46 AM
    No.

    The check being cashed is your proof that they received the amendment. You MAY get a confirmation notice, but it is not likely.
Not your question? Ask your question View similar questions
 
Page 2 of 2 « First < 2

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Letter of Introducting a tax and audit services [ 4 Answers ]

Hi there, It's my pleasure to discover this medium of enlightenment and knowledge sharing. I am starting a consulting firm to specialise in tax and audit services. I need a standard letter of introduction to prospective clients. I'll appreciate if someone can help me out as soon as...

List of IRS small biz tax audit questions [ 2 Answers ]

Would appreciate a list of questions IRS will be asking when auditing a small business. Looking for a detailed and comprehensive list Thank you,

Tax audit. Filed wrong 1099 forms from previous year and received an audit notice [ 1 Answers ]

In 2008 I filed my taxes for 2007 and used the wrong 1099 forms for that specific year, 2007. It seems my tax preparer used my 2006 1099 forms, for the year 2007, and my income was $70,000 higher in 2006 than 2007. Therefore, I reported $70,000 more income than actually earned. My tax preparer...

View more questions Search