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Author: TMFPMarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121219  
Subject: Re: Data entry error/audit risk Date: 11/19/2009 3:39 PM
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It sounds like the data entry error was caught with an automated review.

Does finding a data entry error on a tax return make it more likely that the return will be more throughly audited?


As Bill said, you won't know what's going on until you see the letter. What year are we talking about, and when was that year filed? If it's not a recently filed return, it's no error discovered in processing, it's an audit.

There are some things, generically called math errors, that can be corrected without an audit and the additional tax assessed automatically. These require specific authorization in the law. Everything else is under the audit procedures as described in the law.

What level of audit remains to be seen, but in most cases IRS gets only one bite of the audit apple.

Phil
Rule Your Retirement Home Fool
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