Hi. I just got a lovely note from the IRS that says I under reported income by $97000 in 2018. They provide an itemized list and it’s riddled with errors.
Example: a stock sale where the the gross sale was $12,804, reported cost basis $7552 = $4684 profit, which I reported and paid tax on. IRS lists this totally wrong as a sale of $7552 “shown on return”, actual sale "reported by others"12,804 = I under reported by $5319. There’s a bunch of these, all wrong, that add up to $97k proceeds untaxed: pay up sucker. Even better, $9000 of that $41,000 is penalties and interest.
I’m going to start with Turbo, which I’ve used for years, and I pay the extra fee to cover errors and it’s their problem. But since there’s several parties (Me, Turbo, IRS, ETrade, my employer) providing info, I may need an attorney.