Have a Tax Question? Ask a Tax Expert
You need to file and amended tax return, form 1040X to correct the original return filed by you and than provide the IRS with a copy of this return.
IRS will update the information and send you a revised notice.
You need to amend the tax return and provide a copy to the IR
You can report the correct information on the amended tax return.
Let me explain a little better - the guy who scammed me - NEVER filed anything - he made me think so - on top of that- he disappeared - but I was able to get my records back - boxes of paper I had to reorganize...some things were missing. So to be clear I had never file a return for that year and NOW the IRS is giving me a return they made - saying I owed $70,000. It notified them that I now had all my paperwork and I did the return the right way - it came out to 4708...I know I owe penalties etc. What I am asking is - they can't deny me from settling this with the correct amount - ie.saying I ow $70,000 when the paperwork proves it's only $4708
That is correct. IRS cannot make you pay $70K if your actual tax liability is $4700 plus interest and taxes.
You need to provide them with the correct return and talk to the IRS officer handling your case.
Thanks - that's what I was trying to make sure of - it was quite scarythinking for a moment that could happen - thanks - it was worth the $30 so I can go to bed !!!!
Not a problem...but you will definitely not owe $70K if you actual liability is less
Thats all I need to know - have a good weekend !!!!
thanks, XXXXX XXXXX accept and feedback,