Question : Im having an IRS audit, found errors – can i redo parts of my return?
I got an Audit letter from IRS and am preparing all the pertinent documents.
What do I do in my case wherein:
1) I accidentally double counted some expenses because i couldnt find receipts- now i found the receipts, how do i show the true amount, which is lower than what i stated in taxes?
2) I forgot to count some expenses because i was only doing my taxes based on a checking account, i only found my savings account statement while digging for files, and saw other expenses I didnt report in my tax return.
3) I listed my end of year inventory as 0, but now that i looked in my logbook, i had 30 pieces at end of the year.

What will the auditor think about how sloppy i was? he is only auditing 3 items in my schedule C… will he try and audit more items because of this!?
irs audit letter

Best answer:

Answer by Pat
They will audit the entire retrun, not just 3 items.
You can file an amendment to your return on form 1040X

http://www.irs.gov/index.html

And learn to keep better records.