The IRS is doing a audit on my daughter they said that she should know something by March 9 now they say it is in limbo?

She applied for the first time home buyers loan Asked by CPaul 33 months ago Similar questions: IRS audit daughter March limbo Business > Taxes.

Similar questions: IRS audit daughter March limbo.

Stay Calm First of all, unless there was a huge red flag in your daughter's tax return, audits from the IRS are actually pretty random, so there probably isn't much your daughter has to worry about - especially if her paperwork is all in order. If she used an accountant to file her return after applying for the first time home buyers loan (or tax credit? ) she should contact her accountant for assistance in dealing with the audit.

The frist time home buyers loan and/or tax credit isn't a big deal but with so many people scrambling to apply the IRS wants to make sure all of the applications are legitimate. In my area, there are tons of Eden Prairie homes for sale and I'd say that a very large percentage of those homes are being purchased by first time home buyers rushing to take advantage of the credit. Eden Prairie homes, and those in surrounding areas (including those in your state), can be pricy for first time buyers.

I think everyone wants to take advantage of those loans and tax credits - and, unfortunately, some people are being less than honest on their applications. Sit back, relax, and as long as she did nothing wrong everything will turn out alright.

3 Not sure where you are going with this. Are you trying to ask if it will stand in the way of buying a house? .

Not sure where you are going with this. Are you trying to ask if it will stand in the way of buying a house?

4 The IRS has several built-in triggers to identify certain returns for audits. Your daughter's return, probably (for some reason) set off one of these triggers. Here's the thing... don't sweat it.

If your daughter was honest on her return, has receipts for deductions she claimed, hasn't hidden income or inflated/faked her deductions, then she has nothing to worry about. Take a breath, blow it out, relax. Only liars and cheaters have to worry when the IRS comes auditing.

The IRS has several built-in triggers to identify certain returns for audits. Your daughter's return, probably (for some reason) set off one of these triggers. Here's the thing... don't sweat it.

If your daughter was honest on her return, has receipts for deductions she claimed, hasn't hidden income or inflated/faked her deductions, then she has nothing to worry about. Take a breath, blow it out, relax. Only liars and cheaters have to worry when the IRS comes auditing.

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" "How to do the Limbo well?......

This year, I owed 1400 to the IRS after doing my taxes. Do I still get a rebate?

HOW LONG CAN THE IRS KEEP MY REFUND FOR OWING $6.58 IN BACK TAXES.

I am behind on paying my taxes. Any advice on how to properly get this taken care of, deal with IRS, and so on?

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