quote:
Looks like I got audited.
Without going into detail, this one is going to suck. The amount they want is going to be pretty painful. Wife (no pics), 3 young kids and another one on the way, and we are very much the definition of a typical middle class family, struggling with inflation and cost of living.

An audit is usually verification of income and/or deductions, it sounds like you got an "adjustment" if they just gave you a new amount you owe. An audit is more ... invasive.

I've had this happen twice, once I spent the time to dispute with full documentation, but the whole process took a lot of back and forth and work for $4k, so when it happened again for $1800 I just said frick it and wrote the check.

This will be happening to a lot of people this time because of all the "free" money they shot out from a cannon with covid and childcare credits.

This post was edited on 10/26/22 at 9:24 pm

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Posted by Born2rock

Member since Oct 2022

963 posts

Posted on 10/26/22 at 9:48 pm to jonnyanony

Did the IRS letter ask you to schedule an appointment, or did they send you a statement stating you either underreported some income, or they adjusted for either expenses or Sch A items? Did you file a Sch C? Not enough info.

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Posted by jonnyanony

Member since Nov 2020

10355 posts

Posted on 10/26/22 at 10:34 pm to jonnyanony

Also worth noting you can set up an installment plan, which doesn't fix things but will make the bill more reasonable to pay back.

Have your payroll change your exemptions to 0 until you pay it off.

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