vpFREE2 Forums

Using Winning/Losing Sessions - IRS problems

In a message dated 07/29/06 12:19:45 PM Eastern Standard Time,
dennis.florence@worldnet.att.net writes:

— In _vpFREE@yahoogroups.vpF_ (mailto:vpF…@…com) , "Jean
Scott" <QueenofComps@Que> wrote:

<<If your gross winnings don't exceed the W2-G's it will almost
certainly result in the minimum a letter audit. >>

Not true IF you have attached a list of W-2G's with a note stating

they are

contained in the win-loss session numbers. We (and many many

others) have

done that for years with no audits of any kind. The only year we

got a

letter audit is the one in which we forgot to add that note and all

we did

was send them that list with an explanation and it was accepted.

Jean: Oh, this is most encouraging. I did not read this into the
last post.

There is still a high likelihood of receiving a matching problem
letter(CP2000) from the IRS. These are computer generated and will ignore "unofficial"
attachments to your tax return. You can then reference any attachments to
your return (sending them a copy of what you attached). Your luck in resolving
the problem at this level will vary greatly.

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