Comments on: Attaching Notes to Tax Returns http://www.bargaineering.com/articles/attaching-notes-to-tax-returns.html personal finance blog with anecdotes, advice and commentary. Sun, 22 Nov 2009 02:01:03 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Dan http://www.bargaineering.com/articles/attaching-notes-to-tax-returns.html/comment-page-1#comment-80458 Dan Fri, 13 Apr 2007 16:14:58 +0000 http://www.bargaineering.com/articles/attaching-notes-to-tax-returns.html#comment-80458 Yes, attach notes to support anything that you feel you need to explain. Try to keep it short, and reference the IRS documents/publications that are justification. I'll attach a sheet where I'll reference the form and line number, and supporting IRS docs/publications. * Schedule E, Line 20: IRS publication xxx states that blah blah, therefore this amount includes... etc etc.. * 1040, Line 500: Instructions for 1040 state "....", therefore I am exempt... * Schedule YYY: I did not file a Schedule YYY in tax year 2005 because there was no activity as defined in Publication XXX. Yes, attach notes to support anything that you feel you need to explain. Try to keep it short, and reference the IRS documents/publications that are justification. I’ll attach a sheet where I’ll reference the form and line number, and supporting IRS docs/publications.

* Schedule E, Line 20: IRS publication xxx states that blah blah, therefore this amount includes… etc etc..
* 1040, Line 500: Instructions for 1040 state “….”, therefore I am exempt…
* Schedule YYY: I did not file a Schedule YYY in tax year 2005 because there was no activity as defined in Publication XXX.

]]> By: timothylee http://www.bargaineering.com/articles/attaching-notes-to-tax-returns.html/comment-page-1#comment-74875 timothylee Mon, 19 Mar 2007 12:24:25 +0000 http://www.bargaineering.com/articles/attaching-notes-to-tax-returns.html#comment-74875 Some years ago I went through a divorce. Filing single caused a large payment to the IRS. I wrote a note with explaination as to why I didn't send quarterly payments. I also send additional info with various stock sales, especially if the company was aquired and the share price changes or is re-issued in the new company. I have never been audited in 45 years. I assume I must be doing something correct. Some years ago I went through a divorce. Filing single caused a large payment to the IRS. I wrote a note with explaination as to why I didn’t send quarterly payments. I also send additional info with various stock sales, especially if the company was aquired and the share price changes or is re-issued in the new company. I have never been audited in 45 years. I assume I must be doing something correct.

]]> By: ChrisCPA http://www.bargaineering.com/articles/attaching-notes-to-tax-returns.html/comment-page-1#comment-74761 ChrisCPA Sat, 17 Mar 2007 01:42:02 +0000 http://www.bargaineering.com/articles/attaching-notes-to-tax-returns.html#comment-74761 I frequently attach adittional information to tax returns I file such as supporting statements or summaries that clarify info on the return. I frequently attach adittional information to tax returns I file such as supporting statements or summaries that clarify info on the return.

]]> By: Jonathan http://www.bargaineering.com/articles/attaching-notes-to-tax-returns.html/comment-page-1#comment-74760 Jonathan Sat, 17 Mar 2007 00:33:46 +0000 http://www.bargaineering.com/articles/attaching-notes-to-tax-returns.html#comment-74760 I've heard it mentioned in several tax articles, but have never done it. (I've also never itemized.) Basically, it's a pre-emptive strike against an audit or their request for "more supporting information". I’ve heard it mentioned in several tax articles, but have never done it. (I’ve also never itemized.) Basically, it’s a pre-emptive strike against an audit or their request for “more supporting information”.

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