Correcting IRS Forms

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• Correcting IRS Forms

www.onlinecompliancepanel.com 510-857-5896
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• Ever wonder why some tax
  returns get intense scrutiny from the Internal
  Revenue Service while most are ignored? The
  agency doesn't have enough personnel and
  resources to examine each and every tax return
  filed during a year -- it audits only slightly
  more than 1 of all individual returns
  annually.So the odds are pretty low that your
  return will be picked for review. And, of course,
  the only reason filers should worry about an
  audit is if they are fudging on their taxes. But
  even if you have nothing to hide, an audit is no
  picnic.
• IRS tax forms are used for taxpayers and
  tax-exempt organizations to report financial
  information to the Internal Revenue Service (IRS)
  of the United States. They are used to
  report income, calculate taxes to be paid to
  the federal government of the United States, and
  disclose other information as required by
  the Internal Revenue Code (IRC). There are over
  800 various forms and schedules. The best-known
  of these is Form 1040 used by individuals.

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• Making Too Much Money
• Although the overall individual
  audit rate is about 1.11, the odds increase
  dramatically for higher-income filers. IRS
  statistics show that people with incomes of
  200,000 or higher had an audit rate of 3.93, or
  one out of slightly more than every 25 returns.
  Report 1 million or more of income? There's a
  one-in-eight chance your return will be audited.
  The audit rate drops significantly for filers
  making less than 200,000 Only 1.02 of such
  returns were audited during 2011, and the vast
  majority of these exams were conducted by
  mail.We're not saying you should try to make
  less money -- everyone wants to be a millionaire.
  Just understand that the more income shown on
  your return, the more likely it is that you'll be
  hearing from the IRS.

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• Mistakes can be made even by the
  most efficient and knowledgeable payroll
  departments. When this happens corrections need
  to be carried out as soon as possible. But how
  are these errors handled?
• In this webinar Vicki M. Lambert will discuss
  how to correct an error on Form 941 after it has
  been filed. We will examine when to use Form W-2c
  to correct the employee's year-end information
  after Form W-2 has been given to the employee as
  well as how to amend changes before and after the
  form has been filed with the Social Security
  Administration. This presentation will also
  review how to file an amended return for the Form
  940. 
• Click the link provided below for more
  information
• http//www.onlinecompliancepanel.com/ecommerce/web
  inar/product_id500716?expDatefeb24_2015_irsform
  s

www.onlinecompliancepanel.com 510-857-5896
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• Get Connected With Us

www.onlinecompliancepanel.com
www.onlinecompliancepanel.com 510-857-5896
customersupport_at_onlinecompliancepanel.com