Who's been through an IRS audit?

emr global i'm willing to bet you filled your taxes very very late and ignored the irs's letters. since the irs only had your total sales they assesed axes like all your stock sales were profits since they didn't have your buy prices on your stocks. and if they put a lien on you you had to have been 2 plus years late filing
 
Quote from Div_Arb:

Nevada allows you to have 2 monitors for trader status.
More...
I'm glad this all in jest as the IRS guidelines for trader status are a joke.
Seriously, I doubt they would EVER show-up unannounced unless there was a whistleblower somewhere.....so whatever you do, if your neighbors know of your success, don't keep your Aston Martin DB9 Convertible in the driveway.
http://www.google.com/imgres?imgurl...e&sa=X&oi=image_result&resnum=1&ct=image&cd=1
(One of my neighbors has this exact model and color !)
 
Quote from EMRGLOBAL:

I went through an Audit in 2006

I had to send in all the trading info, stacks of papers, and financials. They worked with me, and it took about 5 months, in the end i owed 600 dollars in stead of 250k.
More...
250k ? Wow, what was your net income that year ?
1 Million ?
 
You must log in or register to reply here.
Back
Top