Should I file my tax return during an audit, and if I do, will I recieve my refund?
Question : Should I file my tax return during an audit, and if I do, will I recieve my refund?
The State of South Carolina is investigating state tax returns of individuals that claimed the 1098-T tax credit. They are auditing a large amount of students, and I am one of them. Although I fit the criteria necessary to get the tax credit, and don’t forsee my having to pay back taxes (I was a full-time student, I paid my university fees out of pocket, I graduated from a south carolina high school, etc.) this is tax season, and I would like to file my return in order to get my federal refund back.
Should I wait and file an extension? If I do file now, will I get my refund when I expect to (within a few weeks).
I sent all the documents requested a few weeks ago, and have heard nothing back from the agent.
Thanks.
individual tax audit
Best answer:
Answer by sunshine
File now A mass audit has nothing to do with you
You are fine to file your federal taxes as well as the state taxes. Neither agency can take your refund without there first being an audit and a finding that you owe them anything. The state audit will not affect your federal tax filing at all!