JustAnswer > Tax
Ask A Question|Register|Login|Help
JustAnswer

Tax

Ask a Tax Question, Get an Answer ASAP!

Have your own Tax question?

2 Tax Professionals are Online Now
characters left:
Not a Tax Question?
Bookmark and Share

Question

Does revocation of power of attorney flag an audit with IRS?

Submitted: 380 days and 4 hours ago.
Category: Tax
Value: $15
Status: AWAITING CUSTOMER ACTION
+
Read More
380 days and 4 hours ago.

Reply

Fort Worth, Texas

Already Tried:
Nothing

Answer

Hello and thank you for using Just Answer. Revocation of a power of attorney will not flag an audit with the IRS. A computer program called the Discriminant Inventory Function System (DIF) assigns a numeric score to each individual return after they are processed. The higher the DIF score, the higher the potential that an exam will result in a change to income tax liability. DIF program identifies most of the returns examined for audit.

Picture
Expert: Marvin,EA
Pos. Feedback: 98.5 %
Accepts: 
Answered: 11/8/2008

Enrolled Agent

10 years self employed , Income Tax Preparation & Representation

+
Read More

Related Tax Questions

  • If I were to sell an investment property and take some of th...
  • I am 28 years old and a single mother who supports my child
  • I am in the process of filing a 706 (my mom died in Sept.)
  • An individual's return for 2006 reported a NOL from business
  • im looking for some help on our back taxes. how secure are
  • My mother owns a home in Nassau County, Oyster Bay N.Y. She
  • I had a radio show at a college radio station. I gave it a
  • I am an investment advisor working out of my home in NYC.



Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.
Question List | Become an Expert | Terms of Service | Security & Privacy | About Us
© 2003-2009 JustAnswer Corp.