Are you being audited concerning your business travel, meals, and entertainment expenses? If so, did you happen to purchase the optional Audit Defense product?
I am, and I didn't get the Audit Denfense product. I guess I am going to buy it this year
I don't know if anyone will be familiar with those forms in this forum, but you can wait and see what responses you get during the day when more folks familiar with audits will be around.
TurboTax also has a free Audit Support Center you can phone for assistance during the day. To get the phone number, at the following page click the blue "Get Help" button and follow the prompts.
<a rel="nofollow" target="_blank" href="https://support.turbotax.intuit.com/irs-notice/audit-support/">https://support.turbotax.intuit.com/irs-notice/audit-support/</a>
First the audit support could not help you with this audit situation ... the IRS wants a list and reciepts for the expenses in question ... READ the notice they sent you several times carefully so you know exactly what they want. If all they want is supporting docs for expenses then send COPIES ONLY of any reciepts or records as requested.
Seek local help if needed so you can understand what you need to do ( there is no such thing as a form Sch C-7).
IRS Notices - Audit Form 886A
The IRS uses Form 886A to requests information or to explain items they propose to adjust in an audit. They often request more information than what they really need but you also have a duty to supply sufficient evidence to win your case.
Income Issues: The IRS has reviewed and has noticed a discrepancy in the items reported.
Deduction Issues: The IRS is requesting substantiation for a deduction that most likely seemed incorrect or excessive.
If you don’t respond in the correct way with the proper evidence, you will be rejected, likely with an accuracy related penalty.
What is my first step?
If you received a letter or notice, a decision has to be made. Do you feel confident to handle this situation on your own? If it is a simple issue and you already know the answer, call or write them. If the issue is more complicated, you need to hire someone. The IRS or State will take full advantage of your lack of knowledge and experience.
What is Your Next Step?
The next step is to determine if the notice was sent in error. Do you have an outstanding tax liability? Do you have unfiled or incomplete returns?
Is There a Time Limit?
Yes, each letter or notice from the IRS or State will indicate a date that you MUST to contact them by. If you need more time, call the number on the notice or letter and request an extension. DO NOT ALLOW the time to expire without contacting them or hiring a representative to contact them for you.
What You Don’t Want to Do!
What you don’t want to do is nothing. Your tax problems will only get worse if you ignore them.
I have been sent this Schedule C-7, Form 886-A Explanation of Items too. Needing the PDF. Suggestions?
To access your current or prior year online tax returns sign onto the TurboTax website with the userID you used to create the account - https://myturbotax.intuit.com/
Scroll down to the bottom of the screen and on the section Your tax returns & documents click on Show. Click on the Year and Click on Download/print return (PDF)
This is excellent information, you did a great breakdown Critter!!
I paid for Audit Defense however they were only able to call the IRS rep and walk me through the process. I used QuickBooks self-employment to get a breakdown of all my expenses.
Scan the schedule c-4 form 886-a May 2017 general questionnaire explanation of Items form they sent you to a PDF and you will be able to fill it out.
Good Luck