Amended Tax Return

[POCAHONTAS]

Is it true that an amended tax return has a 90% chance of getting audited????

thanks

[jimmcg]

Is it true that an amended tax return has a 90% chance of getting audited????

thanks

All amended tax returns in my district are manually processed and reviewed by lower level individuals at the Service (not the audit level). The next step is up to them based upon their initial review.

[WhiteOleander]

I wouldn't say so. Of the amended returns done in our office throughout the years, the IRS has certainly not audited 90% of them. Sometimes we get a letter for more info, etc, but usually the 1040X is processed and there is no further contact from the IRS.

[JohnH]

That hasn't been my experience. I can't recall the last time I saw an audit of an amended return, but I usually provide documentation for amended returns to a much higher degree than originals.

[ChEAr$]

Never, ever, had an audit for a 1040x I prepared.

The secret to success is.............. (where did i put that?.....) is..............

Document, document and document.

Well, okay. I did plagiarize.
so sue me, Laura! lol

[Burke]

Me, either. Have probably done amended returns for every year I have been in the business and that is over 30. Never had one audited.

[equinecpa]

OK Burke and Ch$ear...I hope you're crossing your fingers and toes -you guys should know better than saying "never". LOL

IMO amendments DO attract more audits...perhaps it depends on what you're amending for? If it's omission of a 1099-int slip or such I doubt it'll raise eyebrows...addition of a missed schedule c business (yup I"ve done one of those) is probably much more likely to get a review.

[POCAHONTAS]

thanks all

client didn't deduct education credit for their 27 year old university student and wants to amend his 2008 tax return to claim it, would that attract an audit??
thanks

[spanel]

thanks all

client didn't deduct education credit for their 27 year old university student and wants to amend his 2008 tax return to claim it, would that attract an audit??
thanks

Did the 27yo Work? If so, how much was earned?

Chris

[taxmom34]

maybe the 27 year old claimed it on his return?

[POCAHONTAS]

the parents provide all support but the 27 year old, he does not work and does not live with the parents and he receives loans to pay for his tuition and fees but the parents pay for his lodging food etc etc.

[POCAHONTAS]

so am I correct in assuming that this return would not attract an audit?
thanks

[taxxcpa]

Audit

so am I correct in assuming that this return would not attract an audit?
thanks

You would be correct in assuming that it PROBABLY would not attract an audit. I've never had an amended return audited, but any return could be audited. I would think an amended return would be less likely to be audited than an original return.

As others have stated, it pays to document. Once I amended a return to get $ 30,000 back, so I attached a complete copy of the original plus the complete return as-amended with notes explaining the differences penciled in on each version. His check was in the mail soon afterward.

[POCAHONTAS]

thank you taxcpa

[OtisMozzetti]

who provides the support?

the parents provide all support but the 27 year old, he does not work and does not live with the parents and he receives loans to pay for his tuition and fees but the parents pay for his lodging food etc etc.

If he the 27-year-old is liable for repayment of the college loans to pay his tuition and fees, then that money is treated as support that he pays for himself. It wouldn't be true that "parents provide all support". Depending upon the precise numbers, they might not even provide more than half of the son's support.