3 ms·
If it came with some sort of indemnity from audit penalties, and as long as I could amend or re-file with my own calculated return, yes.
by fnordfnordfnord 12y ago
If it came with some sort of indemnity from audit penalties, and as long as I could amend or re-file with my own calculated return, yes.
- maxerickson 12y agoDo you mean indemnity against errors in the return, or would you also include indemnity against missed information? (The latter could conceivably include information that a taxpayer intentionally sought to hide from the IRS)
- fnordfnordfnord 12y agoIndemnity against mistakes made by the IRS for sure; against the taxpayer intentionally hiding income, not so much. Then there is the whole problem of determining intent, but that's already a problem.
- masklinn 12y ago> If it came with some sort of indemnity from audit penalties Not really possible, after all you may have income streams you must declare which the IRS is not immediately aware of, and failure to declare those would be an audit failure. > and as long as I could amend or re-file with my own calculated return, yes. If it's anything like most of the developed world (which I'd expect), the tax authority's automated systems simply pre-fill the declaration with what they know, it's expected that the taxpayer will check and amend it, or ignore it entirely if you want to file "from scratch".
- fnordfnordfnord 12y agoOf course it's possible. It may not be likely. >...the tax authority's automated systems simply pre-fill the declaration with what they know, That's the minimum that they ought to do, disclose what they know, and guarantee that they haven't provided you with incorrect information.