What is the name of your state (only U.S. law)? Tennessee
Hello . My husband and I have a small construction business . We are being audited by the IRS for 2009 . We met with them once . They asked us to organize our records and scheduled another meeting. A company that we did work for is claiming they paid us around $130,000.00. We did not claim it because we do not recall ever getting a 1099 from them . At first , we thought we were being audited for our medical expenses (we had a lot for '09) , our home office expenses , and hardware expenses . During the audit , we were informed of the unclaimed income. We are very disorganized , so we forgot to claim alot of expenses in several of the categories . They are requiring us to go through our bank statements and match up dates and amounts for medical , office , and hardware . We may have over estimated medical and office(just a small amount) , but we underestimated hardware . We also forgot to claim charity and a few other expenses. I am scared and confused . They want us to refigure these categories and hand it over with our bank statements at the next meeting. The agent will then take it all back to his office and go through it to decide whether or not we will owe more money . The company who claims they paid us all the money was always shady and difficult when paying us . They went out of business in 2010 . I don't think they really paid us that much . Sorry this is such a long post . I am so confused !!! Should we get a tax attorney ? Any advice will be greatly appreciated ! Thank you !
Hello . My husband and I have a small construction business . We are being audited by the IRS for 2009 . We met with them once . They asked us to organize our records and scheduled another meeting. A company that we did work for is claiming they paid us around $130,000.00. We did not claim it because we do not recall ever getting a 1099 from them . At first , we thought we were being audited for our medical expenses (we had a lot for '09) , our home office expenses , and hardware expenses . During the audit , we were informed of the unclaimed income. We are very disorganized , so we forgot to claim alot of expenses in several of the categories . They are requiring us to go through our bank statements and match up dates and amounts for medical , office , and hardware . We may have over estimated medical and office(just a small amount) , but we underestimated hardware . We also forgot to claim charity and a few other expenses. I am scared and confused . They want us to refigure these categories and hand it over with our bank statements at the next meeting. The agent will then take it all back to his office and go through it to decide whether or not we will owe more money . The company who claims they paid us all the money was always shady and difficult when paying us . They went out of business in 2010 . I don't think they really paid us that much . Sorry this is such a long post . I am so confused !!! Should we get a tax attorney ? Any advice will be greatly appreciated ! Thank you !
