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Hello and thanks for trusting me to help you today. I am a tax adviser with over 15 years of experience.You would need to apply the carryover to the next tax year after the loss. In other words, you would be required to amend your 2010, 2011, and 2012 tax returns then if you have any remaining loss it could apply to the 2013 gains.
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If I chose to amend my tax returns for 2010, 2011, and 2012 including the short term loss carry overs from 2009. Does this increase my chances of being audited? I realize this answer will based on opinion.
Is there a statuates of limitations of how far back the IRS can audit a tax return? I'm assuming if you file an amended one this will be extend this period if yes?
This may be a more difficult question to answer. If I incorporate and write myself a check on payroll to be reported on a W-2 for 125,000. Can you tell me what all of the witholding would be? Assuming I'm in California? This would be for the company to pay and what would need to paid by myself out of this amount.