Financial Software Questions? Ask IT Support for Answers ASAP
Hi, my name is Mark. I will be happy to help you with your question.
Is the letter proposing an adjustment?
When did you file the return?
I know 2011 is the tax year. California has a four year statute of limitations.
When was the 2011 return filed?
There is no time for an audit. What exactly did the letter say.
Did they request information? If there is an adjustment that is assessed to your account an audit report is produced. So technically they would considered it an audit.
You mentioned that turbo tax put the amount in the wrong location. Do you agree with their change?
You mentioned that you appealed the assessment. How did you do that?
What information are they requesting?
What kind of information was on your original return (W-2's, 1099's, interest, dividends, Schedule C income)?
What amount was misclassified on the return.
Are they asking for information relating to your schedule C?
Sorry for the number of questions. I was trying to get a better understanding of your situation. They are not starting an audit. They only want to resolve the one issue in question. If it was an error it sounds like you may owe the tax. If that is the case, you would handle this by agreeing to the adjustment and either paying the tax or setting up a payment plan.
I believe that there should be a spot where you sign agreeing to the adjustment.
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