I helped my g/f last year with her taxes. I asked her numerous times whether she had given me all her tax papers and she assured me that she had.
The IRS just sent her a letter saying she was being audited for over 50K in unreported stock transactions. Guess she didn't give me all the papers.
Well to make a long story short, I figured out what happened and apparently we never reported her stock transactions. Fortunately, with all her deductions and only small profits in those transactions, it looks like she overpaid her taxes by about $4k. I am thinking we should just send the IRS back an explanation with an amended return as well as her appropriate brokerage statements and wait for a refund. Since she is owed money, does anybody see any problems with this approach?
Thanks,