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Just Finished IRS Audit - primary focus? $10K repair bill in 2006

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Old 12-12-2008, 05:47 PM
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joes c4 cab
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Default Just Finished IRS Audit - primary focus? $10K repair bill in 2006

As the headline states, I just completed an IRS audit of my personal tax returns for the year 2006. Happily, they are recommending NO change, NO penalties, and NOTHING DUE. Whoo-hoo.

While no one is able to say "for sure" what triggered the audit, both of the agents I dealt with said it was likely the $10,000+ repair bill to my 996 in the year 1996 for a new motor. Luckily I am a guy who keeps everything and was able to produce all of the receipts (with the exception of 1 or 2 I had to have faxed to me).

Anyone else (who uses their car for business) had to write off a new motor or other LARGE maintenance expense? If so, don't be surprised if you get a call from your friends at the IRS for a "review."

Happy Holidays to all!
Old 12-12-2008, 09:38 PM
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ivangene
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Great, take the money you didnt give them and get your self a nice new membership to Rennlist for only $17... That will keep the RAS (Rennlist Audit Service) off your back
:-)
Happy Holidays to you too...!!!
Old 12-12-2008, 10:27 PM
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red911c2
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Originally Posted by joes c4 cab
it was likely the $10,000+ repair bill to my 996 in the year 1996 for a new motor.
I'd audit anybody that said they had a maintenance expense on a 996 in 1996!!!
Old 12-12-2008, 11:29 PM
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cdaniels
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any expenditure of $10,000 or more must be reported to the IRS.....it's the law....
Old 12-12-2008, 11:42 PM
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chris walrod
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Originally Posted by red911c2
I'd audit anybody that said they had a maintenance expense on a 996 in 1996!!!
Old 12-13-2008, 02:55 AM
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jumper5836
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Originally Posted by ivangene
Great, take the money you didnt give them and get your self a nice new membership to Rennlist for only $17... That will keep the RAS (Rennlist Audit Service) off your back
:-)
Happy Holidays to you too...!!!
You know I got I nice big one for yah! I 'll slap you in the face with it.



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