What is the name of your state?What is the name of your state? New York
I recently switched to a new inventory management program and am not entirely familiar with all the reports it is capable of. Because of this, I used an incorrect report while getting my information together for my accountant to do my business taxes this and last year. I gave him a total sales figure that was considerably too high. Now I don't know what to do. I am afraid that if I file an amended tax report, it will raise a flag to the IRS and prompt them to dig deeper into my business. I don't have anything to hide other than that I am not very organized. I just don't want to go through that horror if I can avoid it. What should I do? I'm tempted to act like it never happened and "show a loss" next year.
I recently switched to a new inventory management program and am not entirely familiar with all the reports it is capable of. Because of this, I used an incorrect report while getting my information together for my accountant to do my business taxes this and last year. I gave him a total sales figure that was considerably too high. Now I don't know what to do. I am afraid that if I file an amended tax report, it will raise a flag to the IRS and prompt them to dig deeper into my business. I don't have anything to hide other than that I am not very organized. I just don't want to go through that horror if I can avoid it. What should I do? I'm tempted to act like it never happened and "show a loss" next year.