Tax Reporting on Futures?

About 10 years ago I was audited because I completely forgot about one of my trading accounts. I lost $150 in that account but since I didn't report it the IRS figured my tax liability on proceeds with zero basis. I got a proposed assessment for $34,000. I simply filled out 6781 and schedule D and the audit was settled. In recent years I have noticed the IRS has become more customer oriented. They actually talk to you and treat you like you're a customer. I find the IRS easy to work with. All they really want is the money they feel they are entitled to.

Quote from BSAM:

Every year I read these ET tax threads and it seems there is so much confusion that everyone seems to file his taxes a little differently from the next guy.

Have any of you been audited because of so-called improper reporting of market transactions? If so, what, generally, were the results of your being audited?
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Reporting equities can be very easy too. Instead of listing each transaction list your total proceeds and basis on Sch D from all trades and then mail in Form 8453 with a copy of your brokers statement. Be sure to separate the trades between long and short term holding period. Easy as pie.

http://www.irs.gov/pub/irs-pdf/f8453.pdf

Quote from 1prometheus:

Filling out form 6781 is extremely easy. Probably one of the easiest investment related forms that exists.
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