- Days left
As much as I hate paying taxes, I am generally on friendly terms with the IRS. Even though I help defend people who have civil and criminal tax problems, I really hold no ill will toward the IRS. Their employees have a job to do. They just enforce the law and process your forms and money.

But sometimes the IRS does silly things that make me shake my head. Take this letter written to my client: Our records show we received your original and amended tax returns on May 08, 2007 and Oct. 22, 2007, respectively. We're sorry but we can't find them, so we need your help to answer your inquiry. Please send us a newly signed copy of your amended tax return.

Translation: We know you sent us your tax returns. We even know on what dates we received them. But we can't find them. Send them again. I have a slight problem with this. If we taxpayers lose our documents and mess up in regard to taxes, we're subject to interest and penalties that are usually fairly large. Yet the IRS doesn't have to be held to the same standard. If they lose our materials, it's our responsibility to fix their problem. Doesn't seem quite fair, does it?

Incidentally, about two weeks later my client got a letter that said they found the tax returns and we should ignore the previous letter. Okay. I guess that's a big "never mind" and we should be glad. And that my friends, is how the IRS both entertains and amuses me.

Tracy L. Coenen, CPA, MBA, CFE performs fraud examinations and financial investigations for her company Sequence Inc. Forensic Accounting, and is the author of Essentials of Corporate Fraud.

Increase your money and finance knowledge from home

Managing your Portfolio

Keeping your portfolio and financial life fit!

View Course »

How much house can I afford

Home buying 101, evaluating one of your most important financial decisions.

View Course »

TurboTax Articles

Deducting Mortgage Interest FAQs

If you're a homeowner, you probably qualify for a deduction on your home mortgage interest. The tax deduction also applies if you pay interest on a condominium, cooperative, mobile home, boat or recreational vehicle used as a residence.

What Extra Tax Deductions Should I Make Sure To Take?

The federal government offers tax deductions and credits to reduce taxable income under certain circumstances. There are several that are often overlooked, including deductions for job hunting, caregiver expenses for dependents and children while you work, a credit to reduce taxes for moderate- to low-income earners and the premium tax credit associated with the Affordable Care Act. TurboTax can help determine if you qualify for these credits and deductions.

Fatten Your Paycheck and Still Get a Tax Refund

If you usually get a tax refund, but would like to start putting more money in your pocket every month, we can help. Yes, you still have to fill out a W-4 form. But we've developed a quick and easy guide to assist you.

Add a Comment

*0 / 3000 Character Maximum