Does Filing Amended Return Increase The Chance Of An Irs Audit?

[Nellore Pedda reddy]

Inputs please

[CHANAKYA]

may b it depends..
amendment vt last year returns or vt new returns?

[fulltimedasu]

[quote name='Nellore Pedda reddy' timestamp='1366061290' post='1303608391']
Inputs please
[/quote]

chances ekkuve...adi eda peda vunnavi lenivi este inka ekkuva [img]http://stream1.gifsoup.com/view7/4629646/badshahaunty-o.gif[/img]

[Nellore Pedda reddy]

[quote name='CHANAKYA' timestamp='1366061408' post='1303608408']
may b it depends..
amendment vt last year returns or vt new returns?
[/quote]

new returns

[Spartan]

if supporting documents are there..then it shudnt matter...

[CHANAKYA]

[quote name='Nellore Pedda reddy' timestamp='1366061464' post='1303608416']
new returns
[/quote]

thappu ga file chesaava? or edyna add cheyyatam marchipoyaava?
[size=4]anyway: [/size][size=4]to answer ur question... [/size]


[b]Does amending a tax return increase the risk of an IRS audit (Will I regret filing an amended tax return)?[/b]

Yes, amending a return may increase the audit risk, but probably not as much as you think. It really depends on the items included or excluded in the amended return.

Certain items, for example reporting an unincorporated business (Schedule C), increase audit risk. For example sake, lets say your return has a 5% risk of audit with a Schedule C, and a 1% risk of audit without a Schedule C.

If the original and the amended return include a Schedule C, both returns will have a 5% risk of audit. Here, the amended return does not increase the risk of audit.

If the original return did not have a Schedule C, but the amended return will have a Schedule C, the original return will have a 1% risk of audit, and the amended return will have a 5% risk of audit. In this case, the amended return will increase the risk of audit from 1% to 5%.

If the original return did have a Schedule C, but the amended return does not have a Schedule C, the original return will have a 5% risk of audit, and the amended return will have a 1% risk of audit. In this case, I am also assuming that it was not proper to file a Schedule C.

There is a possibility that amended return will give the IRS a second look at your return. If you have a Schedule C for both the original and amended tax return, your combined risk of audit might be 10% (5% for the original return and 5% for the amended return.)

If you are concerned about the risk of audit with an amended tax return, consider filing close to the end of the statute of limitations period for the return. This may protect items not changed on the amended return from additional risk of examination. If you are in this situation, seriously consider having a discussion with your tax return preparer or tax attorney.

source: irs..

[Nellore Pedda reddy]

[quote name='Thalaivaa' timestamp='1366061457' post='1303608414']

chances ekkuve...adi eda peda vunnavi lenivi este inka ekkuva
[/quote]

fee 2011 lo due unde....adi 2011 returns lo claim chesadu

aa fee 2012 lo pay chesa...so adi malli ippudu 2012 returns lo claim chesadu

nenu cheppesarike vadu file chesesadu....plus naa e-signature teesukoledu

[Nellore Pedda reddy]

[quote name='ChittiNaidu' timestamp='1366061522' post='1303608424']
if supporting documents are there..then it shudnt matter...
[/quote]

double counted

[Spartan]

[quote name='Nellore Pedda reddy' timestamp='1366061634' post='1303608440']

fee 2011 lo due unde....adi 2011 returns lo claim chesadu

aa fee 2012 lo pay chesa...so adi malli ippudu 2012 returns lo claim chesadu

nenu cheppesarike vadu file chesesadu....plus naa e-signature teesukoledu
[/quote]
fiel the amendment...

fee ki tax break ki not eligible manam......

[CHANAKYA]

[quote name='Nellore Pedda reddy' timestamp='1366061634' post='1303608440']

[b]fee 2011 lo due unde....adi 2011 returns lo claim chesadu[/b]

aa fee 2012 lo pay chesa...so adi malli ippudu 2012 returns lo claim chesadu

nenu cheppesarike vadu file chesesadu....plus naa e-signature teesukoledu
[/quote]
nuvvu pay cheyyakunda, neeku 1098 raadu... so, adi raakunda 2011 return ela file chesaadu...?

[fulltimedasu]

[quote name='Nellore Pedda reddy' timestamp='1366061634' post='1303608440']

fee 2011 lo due unde....adi 2011 returns lo claim chesadu

aa fee 2012 lo pay chesa...so adi malli ippudu 2012 returns lo claim chesadu

nenu cheppesarike vadu file chesesadu....plus naa e-signature teesukoledu
[/quote]

aithe avi chupinchi re-file chesey baa

[CHANAKYA]

[quote name='ChittiNaidu' timestamp='1366061696' post='1303608446']
fiel the amendment...

fee ki tax break ki not eligible manam......
[/quote]
but still some people still do it.. for tht $1000...

[Nellore Pedda reddy]

[quote name='ChittiNaidu' timestamp='1366061696' post='1303608446']
fiel the amendment...

fee ki tax break ki not eligible manam......
[/quote]

nenu ade cheppa vadiki.....chala mandiki teleedu....naku telsu ani edo sollu cheppadu

ippudu oka vela renditiki amendement file chesthe audit padathademo ani thinking

[Nellore Pedda reddy]

[quote name='CHANAKYA' timestamp='1366061736' post='1303608450']
nuvvu pay cheyyakunda, neeku 1098 raadu... so, adi raakunda 2011 return ela file chesaadu...?
[/quote]

2011 lo 1098 form vachindi...pay cheyakundane

2012 lo raledu...but fee deduct aina bank statement undi...adi evidence ki saripothadi ani chesesadu....nenu tarvatha check chesukunnappudu gurthochindi....adi 2011 lo already chesesam ani

[CHANAKYA]

[quote name='Nellore Pedda reddy' timestamp='1366061823' post='1303608464']

nenu ade cheppa vadiki.....chala mandiki teleedu....naku telsu ani edo sollu cheppadu

ippudu oka vela renditiki amendement file chesthe audit padathademo ani thinking
[/quote]
from d above info: I think d chance is 1%.... try ur odds re...