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IRS Audit Tips and Advice when you receive an IRS Audit Letter

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ClearValue Tax

ClearValue Tax

Күн бұрын

An IRS audit is a serious situation. In this video, we cover what you need to do, what you need to know, and how you need to treat these IRS audits.
We give IRS audit tips for people who are experiencing an IRS mail audit or an in person IRS audit.
You can check out our other video about IRS red flags which will decrease your chances of getting audited and how to avoid an audit.
This video is about IRS audits revolving around personal income taxes and we hope this helps you get out of the IRS audit with a favorable decision. Receiving an IRS audit letter can be a scary situation. This video will help you better understand an IRS audit and give you audit tips so better your chances of walking out with a no-change decision or a favorable decision.
So if you receive an IRS letter or an IRS audit letter, please make sure you take appropriate actions to make sure you are ready for the challenge ahead.
Please leave us your tax questions below, thank you!

Пікірлер: 235
@clearvaluetax9382
@clearvaluetax9382 3 жыл бұрын
For more information, check out our helpful website: clearvaluefinance.com/
@2DanTube
@2DanTube 2 жыл бұрын
How to prepare for a tax audit - (1) The day you receive the audit notice - STOP changing clothes - DO NOT shower or bath. (2) Collect all receipts and documents - wad them into neat tight balls of paper - file them neatly in a kitty litter box with the litter in the box. (3) The night before the audit - eat - baked beans, lima beans, broccoli, Brussel sprouts, asparagus, Limberger cheese, sardines, 90% Dark Chocolate, and drink beer. (4) Once you arrive at the IRS office - take a laxative (don't excuse yourself during the audit, just soil yourself during the audit). (5) If you have one - bring your emotional handicap assistant dog and give the dog a laxative. (6) Once inside the office build be as accidentally clumsy as possible and accidentally knock over plants and shelves, etc. (7) Once seated in the auditor's office - relax and stretch your legs and if possible accidentally kick the plug to their computer from the wall receptacle. (8) Be sure and politely use your free speech and ask friendly questions like for example, "Before your mother died from licking food stamps, did she know you had become a tax whore?" That should do it - most likely - you'll never be audited ever again.
@undocumentedrussian
@undocumentedrussian Жыл бұрын
Thank you sir
@lugh4life
@lugh4life Жыл бұрын
🤣don't do this !
@EmperorDionx
@EmperorDionx Жыл бұрын
From audited to arrested
@valeriabalmaceda1069
@valeriabalmaceda1069 Жыл бұрын
I had a letter audit and thank God for my organized self. I kept everything and I was able to prove that everything was in order. It was resolved. Phew!
@donbaxley5530
@donbaxley5530 2 жыл бұрын
I was audited back in 86 by a G12 in person at their office. They even went after my bank management. They said I owed $113,000! They wound up getting $2,000. They get a commission on the amount they generate in audits. They gave up on me when they figured it was not worth it. I simply put stuff in other peoples name and continued on. I do not believe in the Federal Income Tax. I am one of those people who do not think our founding fathers ever intended for the government to take money from hard working people and give it to those who don't! Plus increase the amount if you work harder and smarter. I do not feel guilty at all if I out smarted them. And by the way all the money I spent I spent at shops, stores, cars. I supported people who work. Not a government who thinks it is a social program.
@brokeasdope
@brokeasdope Жыл бұрын
Businesses should be taxed, not people.
@Teeena
@Teeena Жыл бұрын
Even they have an SOL...like 10 years.
@uzernam3
@uzernam3 4 жыл бұрын
So basically an IRS in person audit is similar to he scene when Neo was being interrogated by Agent Smith, Got it.
@LauraNativo
@LauraNativo 4 жыл бұрын
One of the best KZbin videos on prepping for an audit - thank you!
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Thank you Laura for the kind words and feedback! Thank you for watching and supporting us, I appreciate it!
@cliffBMRC
@cliffBMRC 4 жыл бұрын
Your video is extremely valuable and excellent. Thank you for your valuable time. I have recently for the first time gone thru an Office IRS audit. I have documented with all receipts my business expenses and IRS Interviewer has these.
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Hi Clifford, I'm sorry to hear that. I hope you got out of it unscathed and that they didn't waste too much of your time.
@cliffBMRC
@cliffBMRC 4 жыл бұрын
​@@clearvaluetax9382 My Business is TIMBER Logging on my timbertract, also selling premium lots, on portions of tract, and Gravel Road sales. Investigating IRS interviewer has suspended my recent deductions saying no revenue in last 3-5 years, however, revenue was generated in timber harvest 2007. Timber tree growth does not harvest until fulling mature, but I still have to maintain (expensive equipment) reforestation, maintenance,,,,etc. All expenses are real and well documented. Hard to get past the interviewer 915 letter but fighting as best we can. Love your excellent tax tips and strategies.
@Bana888
@Bana888 4 жыл бұрын
Awesome walkthrough of an audit experience! top notch tips with do's and don't's. Love the high quality and crisp content.
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Thank you Banachan888 for the feedback and kind words, I appreciate it!
@hiphoptax8847
@hiphoptax8847 4 жыл бұрын
“Staying on topic” is invaluable advice. Solid presentation! Thanks 👊🏾
@YakMotley
@YakMotley 4 жыл бұрын
Great video! I have always wondered how it works!
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Thanks again Yak Motley for your support, I appreciate it!
@coreycouch4942
@coreycouch4942 3 жыл бұрын
I just started watching yaks videos yesterday so random i found you here lol
@davidjrodriguez8615
@davidjrodriguez8615 4 жыл бұрын
I just went through this for 2018 tax return. Best advice i can give is repsond on time. Photo copy everything you send back to them. And patience is a must. They are very slow. We didn't get our direct deposit once we settled until December 23rd 2019. Almost whole year. Patience patience and even more patience.
@tyreesneed
@tyreesneed 3 жыл бұрын
why did you get audited though? I thought the odds were so low so what did you do that was so bad to get audited?
@darrellrichards2265
@darrellrichards2265 Жыл бұрын
Remember the IRS will lie to you
@ARMOROFLOVE
@ARMOROFLOVE Жыл бұрын
Did you file 2019 will in audit for 2018?
@TheJosa007
@TheJosa007 4 жыл бұрын
I would feel like Neo in the Matrix movie with the agents after him.
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
hahahahahahahhaha
@blueknight5754
@blueknight5754 3 жыл бұрын
Thank you for this..I have more confidence in dealing with the IRS.
@AlexSage
@AlexSage 3 жыл бұрын
I wish there was an antiIRS group so that we could fight against legal crooks together.
@FushigiMigi
@FushigiMigi 2 жыл бұрын
So, subjectivity exists. In other words, take reasonable risks (as business requires this psychology) and be prepared to fork over more money to people that have more power than you.
@decisions139
@decisions139 4 жыл бұрын
If you can't provide documentation would you just have to pay what they say you owe? Or make payment arrangements? I love your channel 😁
@heiressmisty
@heiressmisty 3 жыл бұрын
I'd like to know this too
@raqibjohnson3610
@raqibjohnson3610 2 жыл бұрын
You will still get it at the end of the year
@Zell8158
@Zell8158 4 жыл бұрын
Filing taxes self employed during pandemic no appointment allowed updates would be interesting aha
@1wynner
@1wynner 4 жыл бұрын
Thank you for the truth. I like how you get stressed when talking about “them out to get you”. Lol
@MichaelChengSanJose
@MichaelChengSanJose 3 ай бұрын
Yes, that’s all patently obvious but the real question is “how” to write the answers to achieve those results.
@patrickwoods2583
@patrickwoods2583 3 жыл бұрын
When you owe money, is it better to talk to the IRS directly, or get a CPA or Tax Attorney involved?
@alden2679
@alden2679 4 жыл бұрын
Great vid. thanks for the info!!
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Thanks for watching and for your support Alden!
@TheKrazyk2010
@TheKrazyk2010 Жыл бұрын
This is why i have a professional accountant AND I itemize my stuff EVERYDAY
@JessicaLopez-dk6ql
@JessicaLopez-dk6ql 4 жыл бұрын
How do I get proof of work for dog sitting? I was paid cash only.
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Hi Jessica, that's income that you self-report on the Schedule C on your tax return as a "sole proprietor".
@dieyoung8259
@dieyoung8259 4 жыл бұрын
The big white envelope from the IRS...will literally make you dizzy...i grabbed my audit out of the mailbox and almost fainted...lol
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Ugggghhh my condolences.
@daphaniegoodson1589
@daphaniegoodson1589 4 жыл бұрын
Have u gotten your refund yet?
@dieyoung8259
@dieyoung8259 4 жыл бұрын
@@daphaniegoodson1589 2 weeks ago
@Savagee5044
@Savagee5044 3 жыл бұрын
@@dieyoung8259 dam so it took an whole year
@dieyoung8259
@dieyoung8259 3 жыл бұрын
@@Savagee5044 ?
@MaryThiboudeax
@MaryThiboudeax 4 жыл бұрын
Thank you! This video was very helpful.
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Thank you J81jevon for your support, I appreciate it!
@ParkMusic1
@ParkMusic1 3 жыл бұрын
Thank you so much! Excellent video on IRS Audits : )
@spicemilktea
@spicemilktea 3 жыл бұрын
Can a step child be a deduction?!?! I just got a tax audit 🥺
@olandlewis5734
@olandlewis5734 4 жыл бұрын
They didn't ask me for any info. Just said if they needed me they would contact me.
@Savagee5044
@Savagee5044 3 жыл бұрын
How did everything turn out got the same letter today ?
@olandlewis5734
@olandlewis5734 3 жыл бұрын
Thats was last year I think I gottem in May or June. No communication
@Savagee5044
@Savagee5044 3 жыл бұрын
You serious so they audit you last year and you still haven received it ?
@izzay211
@izzay211 4 жыл бұрын
I got a mail audit and i sent everything back in febuary but still havent recieved a respond how long does it usually take
@kdefensemartialarts8097
@kdefensemartialarts8097 2 жыл бұрын
Thank you for your videos.
@notimefordowntimesoriseabo5930
@notimefordowntimesoriseabo5930 Жыл бұрын
Good vid Mr Kim, thanks
@marycolton9672
@marycolton9672 4 жыл бұрын
I just received a 23,850.00 bill from IRS saying I owe from 2013 giving me less than one week to pay over TWENTY THOUSAND!!!! What do I do with this bomb dropped?
@tyreesneed
@tyreesneed 3 жыл бұрын
you received a bill in 2019 for something in 2013? huh ??
@KelGone_fish89
@KelGone_fish89 3 жыл бұрын
I live in Mississippi the IRS and any other government service is trash here!
@raqibjohnson3610
@raqibjohnson3610 2 жыл бұрын
You will still get your taxes at the end of the year I got mines November 30th of 2020
@victorkuznetsov3557
@victorkuznetsov3557 Жыл бұрын
I am an independent contractor in Oregon and I am being audited for state income. There are a lot of different reasons in their letter, but the biggest cause for concern is that my payroll company did not file my laborers 1099s and now Oregon state is trying to put those monies on me. Can I do anything about this? Thank you so much for all your help!
@JDMSwervo2001
@JDMSwervo2001 Жыл бұрын
From Tax Tips to Economic news A Brian Kim Timeline
@yuanjialiu2725
@yuanjialiu2725 3 жыл бұрын
I got a mail from IRS, it seems they do not want to audit me, however, the letter just shows a lower refund to me and asks me if I accept it. If not please contact them.
@richardharris3423
@richardharris3423 4 жыл бұрын
Interesting video. Thanks for posting it. Out of curiosity, how many years back can the IRS go back to and audit your taxes?
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Hi Richard, they generally go back up to 3 years. However, if they suspect fraud, it is unlimited.
@niraceni
@niraceni 4 жыл бұрын
Great video, I had filed audit reconsideration for few years now, usually how long it take to get a response, and much chance the IRS will accept the reconsideration?
@jorgeordazphoto
@jorgeordazphoto 4 жыл бұрын
Hi, if I cannot provide documentation and/or receipts, what would be the next step? Do I have to pay what I owe? Thank you!
@darrellrichards2265
@darrellrichards2265 Жыл бұрын
Why would the IRS get upset with one. We are upset with them.
@joedeltoro9281
@joedeltoro9281 2 жыл бұрын
Is there anyway I can schedule a formal meeting with you regarding my tax situation? i have no problem paying for the consultation. After watching your review I have a HUGE confidence LEVEL with you just based on your professionalism and knowledge is there a way to set-up a consultation with you direclty?
@Acejaper
@Acejaper 3 жыл бұрын
what happened if you can't provide proof to the IRS do you ignore the letter?
@saaberfly
@saaberfly 4 жыл бұрын
If i watch a video on audits, does my audit risk increase? 🤣
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Yes, by 50%.
@kerty1977
@kerty1977 4 жыл бұрын
@@clearvaluetax9382 lol
@Edterntain
@Edterntain 4 жыл бұрын
😳😳😳
@Edterntain
@Edterntain 4 жыл бұрын
Really ?!really?!
@5150Chupacabra
@5150Chupacabra 4 жыл бұрын
Im a server and I never claim my cash tips. Only credit/debit tips. What are my chances of getting audited?
@lovesautodetail
@lovesautodetail Жыл бұрын
Good information
@youmoanmars4823
@youmoanmars4823 2 жыл бұрын
How about if the audit is to verify dependents
@blackkmagik7281
@blackkmagik7281 2 жыл бұрын
Hey I just found out that I’m being audit and I have 3 kids that I been claiming for over 6 years they hold my earn income credit as well as the child tax credit, any luck with yours
@cynthiaarndt1907
@cynthiaarndt1907 4 жыл бұрын
How do you claim $2,760 Mortage Credit Certificate on the new 2020 W4?
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Hi Cynthia, you'll input that on STEP 3.
@horologie
@horologie 4 жыл бұрын
Lol. I watched this last week and just got audited from my taxes for 2018. RIP.
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
=(
@horologie
@horologie 4 жыл бұрын
@@clearvaluetax9382 Could've been terrible. I'll have to pay around $7,300 which includes a penalty fee.. but I should've been more thorough. Lesson learned! Thanks for your videos by the way!
@nofood1
@nofood1 4 жыл бұрын
@@horologie why pay so much? :O
@horologie
@horologie 4 жыл бұрын
@@nofood1 It actually wasn't an audit. Just a revision I think? Still had to pay though. I own my business and missed reporting a 1099 on accident... they caught it and adjusted my taxes owed. So all together I had to pay around $7,300. Lesson learned, don't forget to report something! They will find it eventually.
@Stopwarpeacetoall
@Stopwarpeacetoall 3 жыл бұрын
@@horologie hi I read everything I got a call from an auditor they gave me an appointment next month you think they know my bank statement and everything for my business also do they know business it’s super slow
@juniormejia3304
@juniormejia3304 Жыл бұрын
I got audit for my taxes of 2021. Prove of my dependents. But weren't with me throughout the year. So didn't have any prove for it. Never got my tax return and owed $700. But I never responded to the mail. I would have liked to do so but haven't. I'm just waiting for this year's taxes so I can show prove of my dependents since I did have them this year beginning January of 2022. I hope it can be solved.
@Teeena
@Teeena Жыл бұрын
You owe if someone else claimed them that year. Probably why you got audited.
@juniormejia3304
@juniormejia3304 Жыл бұрын
@@Teeena thanks Cris
@emergenchris
@emergenchris 3 жыл бұрын
Been waiting since March 10th for my income tax and now I have a 151 code
@olgadavis7174
@olgadavis7174 3 жыл бұрын
Same here and still haven't gotten mine yet
@tiffanyjoseph9887
@tiffanyjoseph9887 Жыл бұрын
What if you don't have receipts from the meals etc
@ggarciah983
@ggarciah983 4 жыл бұрын
After doing my taxes at the end of the month of January 3 weeks later I get a letter that I'm getting audited and to contact them if it takes longer then 60 days to get answer from them but the letter said not to do nothing until after 60 days but then they closed the audit offices?? I'm still waiting I've been checking my irs app and it's been saying still processing with topic 152 I understand that topic is related to direct deposit? What do yu recommend
@KingTheGermanShepherd
@KingTheGermanShepherd 4 жыл бұрын
It was the end of Feb when I received the audit by mail. They had asked for proof of me having my children live with me for more than 6 months. So I sent that all in and a ton other info about my children showing I'm legal guardian. I sent all this in well before the due date and my question is, How long does it take them to review what I sent? It's already march 20th and I haven't heard back yet. It's almost been a full month. Well great video, hope to hesr back from you. Thx!
@jennyhuaracha1824
@jennyhuaracha1824 4 жыл бұрын
We were audited last year- sent all that stuff back by September 2019 & still here in April 2020 (over a year since we filed) with no resolution- just letters saying they're still working on it.
@madalynsophia3392
@madalynsophia3392 4 жыл бұрын
@@jennyhuaracha1824 omg
@madalynsophia3392
@madalynsophia3392 4 жыл бұрын
@@jennyhuaracha1824 did they audit you this year?
@jennyhuaracha1824
@jennyhuaracha1824 4 жыл бұрын
@@madalynsophia3392 not yet..... but yes, we got a letter last week (filed 2019 taxes on February 13, 2020) that they're investigating us again. We have the same employer & same kids as last year..... haha!
@KingTheGermanShepherd
@KingTheGermanShepherd 4 жыл бұрын
@@jennyhuaracha1824 would you happen to know the fax number for the IRS? I was trying to send more important documents but cant find it :(
@jerryphelps5659
@jerryphelps5659 Жыл бұрын
My H&H tax person told me I didn’t have to pay taxes due to my income. I have four types of income: pension, SS for my self and my wife, and VA disability. My pension is about $15,000 and I was paying state taxes until this year when a law was passed. Should I contact H& R to make sure?
@MoneySmartDriver
@MoneySmartDriver 4 жыл бұрын
Is there a chance you can do a video on RideShare tax preparation?
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Hi Fernando, we got an Uber video from a year ago. Is that what you were looking for?
@DaGreatJP
@DaGreatJP 4 жыл бұрын
Received a letter saying my refund is being investigated but that I don’t have to respond to them unless it goes past 60 days..
@yvonnetorres4696
@yvonnetorres4696 4 жыл бұрын
Me to have u heard anything yet???
@DaGreatJP
@DaGreatJP 4 жыл бұрын
Yvonne Torres haven’t heard nothing, no stimulus either
@Discotastic
@Discotastic 4 жыл бұрын
Is it the same procedure if they're questioning a 1098T? What could have triggered the audit?
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Yeah, that's ridiculous. I've seen this before with a client of mine. They want to see that you actually paid your tuition. You'll need to provide them the payment receipts of how you paid (credit card bill or bank statement).
@nawnaw9846
@nawnaw9846 3 жыл бұрын
I got IRS letter too
@leonelsila9293
@leonelsila9293 4 жыл бұрын
I am applying for the ppp as an independent contractor. How do I fill out part 3 of schedule C ? I only provide transportation services and do not have any inventory.
@ChrisHeidlebaugh
@ChrisHeidlebaugh 3 жыл бұрын
Do you have any tips when you send in the information that they requested, but then they say they won’t accept it? Like mileage logs or meals?
@austinduncan1280
@austinduncan1280 4 жыл бұрын
Question! If I file for 2019 but have not filed for 2016 and 2017, could I still get my refund or would they hold it? THANKS
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Hi Austin, they would hold it. Please file and please don't miss out on potential refunds, you have 3 years to claim a refund or else you forfeit it forever. 2016's return was due April 2017. So you have until April 2020 to claim a potential refund on there or you lose it.
@grprivasgrprivas5254
@grprivasgrprivas5254 2 жыл бұрын
But look i need to travel with my twins inHospitalin New York because they are very sick same one poison them with infected food so now are agravated gastrointestinal metastaza need urgent treatment &i must be with them &to pay to them care &threatment i need my heath card ensurence plus money for injection i am very nervous but from monday i need to look for jet airplain to take us to New York so i have apointment with expert Doctot to see what we can do I am very anger
@darrellrichards2265
@darrellrichards2265 Жыл бұрын
So when will they be carrying,.
@williy5798
@williy5798 2 жыл бұрын
If you could help me I had a CPA do my 1040 taxes he Efile them but the funds went to different routing and account number when I call IRS they said that on the 1040 return not my account or routing need some good advice
@morrisoverstreet875
@morrisoverstreet875 4 жыл бұрын
Someone claimed me as a dependant on their taxes and im 50 years old and i dont know anyone who would do it i support myself and i gave nobody permission to do that , i filed electronicly and i was rejected by the IRS what do i do to correct it
@willlin3017
@willlin3017 Жыл бұрын
I received a letter 12c saying that the amount on form 8892 doesn't match their data from the market place, and I was required to provide 1095A. Is this an audit?
@_maj3stic239
@_maj3stic239 3 жыл бұрын
i have a question... what if i receive a check from my mother (ex. $10,000) & put it into my checking account. will i be audited?
@Beeeeeefffffff
@Beeeeeefffffff 7 ай бұрын
Did anything ever happen? It's been 3 years.
@alanboggs2315
@alanboggs2315 4 жыл бұрын
Please if you're looking back can you enlighten me on if we're receiving any information for Audits during the lockdown? I did my taxes on March 11th and have been seeing the same processing information ever since then. Today is 4/25/2020. I claimed the EITC and that's all. What could they possibly ask of me if they do decide to send a letter. Seeing that it has been over a month already, I still am unable to get my stimulus because of this.
@Trickst3rZer0
@Trickst3rZer0 3 жыл бұрын
2 Questions: 1. can I deduct a part of my college tuition/ fees since I used my own computer and power to go to class. 2. Would the IRS go after little guys like me if I don’t file my short term gains of 2-3k with my annual income of 16k ? Thanks!
@Trickst3rZer0
@Trickst3rZer0 3 жыл бұрын
My classes are relating to my job/internship.
@Trickst3rZer0
@Trickst3rZer0 3 жыл бұрын
ONE MORE QUESTION SORRY. 3. If I pay my tuition with my mother CC to get points and pay her CC bill would I still benefit when I file my taxes?
@samanthadavis1862
@samanthadavis1862 3 жыл бұрын
What if I accidentally put that I made money one year and I got years mixed up
@gherrman01
@gherrman01 Жыл бұрын
I've had clients send these letters straight to me as if it was my fault they got audited. How do you handle?
@howtoitall76
@howtoitall76 3 жыл бұрын
I got paid in cash and didn’t deposit the money in the bank. Can I make my quarterly payment with a cashiers check? Or will that trigger an audit?
@leemcmullan
@leemcmullan 4 жыл бұрын
God audits everyones soul everyday.. no can can escape him.
@MrChamp44
@MrChamp44 4 жыл бұрын
I have a question. I was audited for 2015 and 2016. I sent an information for both years. They said I won my order for 2016 and they sent me my tax return. 2 weeks later they said I lost my audit for 2015. How can I send in the same exact information and win one year and lose the other? They said I couldn't prove my oldest daughter is mine yet it cleared for 2016. I've been paying the IRS for the past two years. My bill went from $12,000 now to about 8,000.
@johnsutv9378
@johnsutv9378 2 жыл бұрын
That messed up
@vincentchan2245
@vincentchan2245 4 жыл бұрын
Hi, I’m in the process of closing on a house but also receiving unemployment checks. Should I be concern about the IRS?
@feliciabenavides6602
@feliciabenavides6602 4 жыл бұрын
No you can buy a house with government assistance money like disibility, unemployment, alimony.....
@beccah8418
@beccah8418 4 жыл бұрын
What do you do when you get a cp05 and the 60 days is up?
@ivetteboricua_nena1241
@ivetteboricua_nena1241 3 жыл бұрын
I got audited n my refund is frozen. Today I got my 4549 and it says I owe $0. They just needed to adjust some stuff. Will I get my frozen refund back?
@litozzz6791
@litozzz6791 4 жыл бұрын
Hey, If my 2018 tax refund gets audited and still fighting the case, will they hold my 2019 refund?
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
If it's still in progress then they should not hold your refund since there has not been a conclusion.
@lekoledacole9011
@lekoledacole9011 4 жыл бұрын
The same issue I filed already. Are they gonna take my return
@samirsoliman2222
@samirsoliman2222 Жыл бұрын
Do you think
@Edterntain
@Edterntain 4 жыл бұрын
Can you ask to speak to another agent?
@specksvision7856
@specksvision7856 4 жыл бұрын
Do you have any information about audits during the corona virus pandemic?
@ssttay4226
@ssttay4226 3 жыл бұрын
They have a whole different team that only does audits so yeah nothing wont stop them from going along with audits
@sergiomuniz350
@sergiomuniz350 4 жыл бұрын
anyone that has worked in a government job before, ghetto is exactly what you would expect.
@baobui7104
@baobui7104 3 жыл бұрын
Hi sir I received a letter 5971c I tried to verify on it did work and call the given numbers No one answer they too busy call back tomorrow Help sir please
@kyleneeley1
@kyleneeley1 9 ай бұрын
How the hell do you send thousands of receipts in the mail lol
@marcphillips3948
@marcphillips3948 4 жыл бұрын
My accountant is an EA. He offered a small fee as “insurance” in case you get audited, and if you do, he won’t charge anything to represent you and help with the audit. Worth paying $100 for this or is it worthless?
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Hi Marc, that's an awful deal in my opinion.
@marcphillips3948
@marcphillips3948 4 жыл бұрын
ClearValue Tax any insight as to why? Do I not want him representing or assisting me before an IRS audit?
@KK-pm7ud
@KK-pm7ud 4 жыл бұрын
@@marcphillips3948 Just a guess, but if your audit risk is a couple of percent, then divide that fee by your audit risk percentage to get the estimated fee you would expect that your tax planner would charge you in an audit. For example if you think your audit risk is 2% then divide $100 by 2% and the expected fee for your tax person to represent you would be $5,000. If you think that it would cost you more than $5,000 for your planner to do your audit, then maybe it's a reasonable deal. But if you never get audited in 20 years you have given your tax planner an additional $2,000 for free.
@Dinngg0
@Dinngg0 2 жыл бұрын
@@marcphillips3948 Do the math. Let's say there is a 1% chance you get audited and need his help representing you. The upfront fee is $100. If you calculate the expected value of that representation, you take $100 divided by 1% = $10,000. It is an awful deal because if you do get audited then it will probably cost you a lot less than ten grand to get represented. So the "insurance" is not worth it. If you get audited, just hire someone for the going rate.
@rayray2878
@rayray2878 3 жыл бұрын
How do I prove I baught the grosires I don't really keep grosire reciets.
@shippershep2410
@shippershep2410 3 жыл бұрын
Bank statements
@JessicaLopez-dk6ql
@JessicaLopez-dk6ql 4 жыл бұрын
Do you have an email?
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Hi Jessica, we can be reached at www.cvtaxpreparation.com
@ipecruz4616
@ipecruz4616 2 жыл бұрын
@@clearvaluetax9382 is this still the website?
@tashagotit7747
@tashagotit7747 4 жыл бұрын
What is tax code 152
@raqibjohnson3610
@raqibjohnson3610 2 жыл бұрын
I got a letter this year will I get it on the 30th of this year or will it be longer ?
@vkpruitt
@vkpruitt 4 жыл бұрын
What about the method of bookkeeping... IRS publication specifically states that both, a log or ledger can be submitted to prove net income, but also states that there’s no specific requirement. So upon submitting a log of income, (which 2 local CPA’s said they would have used and filed the same way), the agent says they aren’t accepting it. How can they pick and choose what to accept?
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Hi Victoria, in what regards did you mean by method of bookkeeping? Did you mean cash vs. accrual methods?
@vkpruitt
@vkpruitt 4 жыл бұрын
ClearValue Tax Well according to the IRS publications (and 2 local CPA’s) a log of income from items sold throughout the year is sufficient to prove income, however upon submitting that log, the agent states it’s not sufficient to prove income and wants bank statements showing deposits instead, but these were cash sales so there aren’t deposits to show.
@vkpruitt
@vkpruitt 4 жыл бұрын
And further, in the audit packet, it states acceptable forms to submit would include a log or ledger, so I don’t understand how they can say it isn’t sufficient if it’s listed as an acceptable method.
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
@@vkpruitt Yes, we've seen this instance as well as they say it's acceptable but then they want to drill down further.
@vkpruitt
@vkpruitt 4 жыл бұрын
ClearValue Tax Yes, it’s very frustrating- currently experiencing this. Any suggestions on how to approach it? I don’t want to make matters worse but I can’t help but feel like this agent is “out to get me” no matter how much proof I submit. Even third party proof of income (like eBay sales statements and proof of referral commissions direct from back office portals are being picked and prodded and asked for more detailed info)... and to my knowledge there is no law that requires a person to utilize a bank account for record keeping, so super frustrating- I almost want to just say “let’s go to court”.
@kevinlove9191
@kevinlove9191 Жыл бұрын
No disrespect BC I got ❤️ for all my yellow brothers & sisters.... But everytime I look at him, "Bruce LEE" comes to mind🙃😅🤣
@annbody2881
@annbody2881 3 жыл бұрын
My brother was using his nephew’s for his taxes forever and then his brother got out of prison and used them his self and then my brother used me as a dependent but I’m older than him but anyway he got audited so what can he do
@christinakiser1164
@christinakiser1164 3 жыл бұрын
Any updates on this
@_zcjj_1843
@_zcjj_1843 4 жыл бұрын
I got an audit by mail I answered what they ask and I still haven’t gotten a response :( not sure if I’m getting my tax refund or not
@Camelotskin
@Camelotskin 3 жыл бұрын
They will get back for sure. They want your money but are backed up.
@alishatucker7667
@alishatucker7667 3 жыл бұрын
Did you get your refund yet?
@makayla5551
@makayla5551 3 жыл бұрын
I recently got a letter from the state of california saying that I have 30 days. I guess they want to verify my identity. I say they want me to send a copy of my ID, my w2, my ssi card plus I did claim my sister as a dependent and they also want her ssi card and her birth certificate. It wried that they send me 2 letter. Can this be a scam or no? Sorry they also say that they need a copy of my last check stub.
@makayla5551
@makayla5551 3 жыл бұрын
Sorry but they send me 2 letter and one of the letter have an envelope but the other letter don't have a envelope. They did put a mailing address and a fax number but why did they not put a phone number so that I can contact them.
@BulliKid
@BulliKid 4 жыл бұрын
are you in chicago? if so where im looking for someone
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Yup, we're in the Loop! cvtaxpreparation.com
@BulliKid
@BulliKid 4 жыл бұрын
@@clearvaluetax9382 awesome i need someone who is good with youtube deductions. also quick question i just got a audit from 2017 for a huge charity donation and work expenses that my tax guy put in. I don't have any paperwork for anything. Is it just best to pay the IRS the penalty since i have no paperwork. Thanks
@KingTheGermanShepherd
@KingTheGermanShepherd 4 жыл бұрын
Would you happen to know the fax number for the irs? I need to send in these important documents they requested but can't find the number. I'm currently in San Antonio Texas
@saintsmack
@saintsmack 4 жыл бұрын
How many audits have you resolved. You are flat out wrong about supplying credit card statements or bank statements in lieu of receipts. Receipts are absolutely required!
@katherinehawksdavidson2296
@katherinehawksdavidson2296 2 жыл бұрын
Can I claim my eye glasses for work, sunglasses, and regular eye glasses on my 2021 tax return. How much can I claim on my tax return?
@imperiallegionnaire6943
@imperiallegionnaire6943 Жыл бұрын
If you have a flex spending account, you can count that as a healthcare related expense from that account.
@AlexSage
@AlexSage 3 жыл бұрын
The reason why The guy in the video talking how to work with IRS, because he hasn't been a victim of IRS talking crap to him and going after the money he never earned... That's why the guy in the video obliviously talking how to WORK with them.
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