Client received letter from IRS for 05 return. IRS is looking for Sch D transaction on taxpayer's return. They were MFS and it was all reported on the spouses return. I am going to amend the returns anyways and change them from MFS to MFJ to claim tuition that was paid for their daughter. My question, can I amend the return and answer the IRS letter all in one step, or should I answer the letter explaining that the transaction was reported on the spouse's return, and then file the amendment later?
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Answer the IRS Letter
and then file the 1040X when you have time. You might indicate that a 1040X is forthcoming. -
letter
Actually, I do it the other way around. Do the amendment, mail it separately to appropriate
address (Atlanta), and then answer the letter telling them what's been done.
IOW, I answer the letter with a fait accompli.ChEAr$,
Harlan Lunsford, EA n LAComment
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