So I got an IRS Audit letter concerning my 2011 taxes and it's confusing to say the least. The main and only difference is the following 1099-INT they received supposedly.

#001 SNN: xxx-xx-xxx Form 1099-INT
Desc:
Sales Date: 05-23-2012
US DISTRICT COURT
1 COURTHOUSE WAY
SUITE 2300
BOSTON, MA 02210

Amount Reported to IRS: $45,107
Amount Included on Return: $0



My question is, does anyone know what the hell this thing could be? First off, it has a sales date of 2012, yet this is an issue they have with my 2011 taxes. Second, it's from the US District Court, for a sale? I have no idea what I could have done that would have the Mass US District Court paying me interest on a sale. And if it helps, that amount is pretty close to my overall income, so it's a significant amount for me if there's something owed to me that I never received or whatever this is.

It's late on a Friday and I just checked my mail so there's not really anyone to call, although I'm not even sure who I would call at the court house to ask about this, they don't have a finance dept and I wasn't their employee.

Anyway, any help would be appreciate so I'm not completely freaked out all weekend. Thank you.

The standard way for the IRS to communicate to taxpayers about audits is through various IRS audit letters. When it comes to audits there are a few different types of notifications the IRS will send depending upon how the IRS is planning on auditing you.For example, IRS CP 2000 Notice: Automatic Adjustment Notice: This is one of the most common automated adjustment notices. This notice will show proposed changes to your tax return. The IRS compares information provided by third parties about you with the income, payments, credits, and other deductions you reported on your tax return. Be careful with this notice because many times the information is incorrect. If you agree, you can pay the amount owed. If you don’t agree, you can call the IRS or contest it in writing within 60 days, otherwise the IRS will make the adjustment final.So, it is important to not overlook IRS audit letters because action is typically required on your part. Just remember that if you don't agree with the IRS findings you will always have a chance to dispute them with the IRS, but action must be taken soon or it will make it much more difficult. If you are unsure of the appropriate actions to take it is a good idea to consider hiring a tax professional to help you with the audit.i guess you need to contact the IRS ASAP.

I'll be talking to someone from the IRS on Monday afternoon and possibly a CPA depending on what they say, already boxed out late afternoon from the job for that, too late for any of that today or this weekend. I'm hoping it's an error but it sure seems strange to me.

Any idea though what an interest generating sale??? from a US district court could even be and why it would effect the previous tax year? Just seems like everything from this 1099-int is wrong. Not sure what this transaction/event could even be that would generate a 1099-int like this.

Sorry for that;not sure.I don't want to provide you with inaccuarate info; I guess you may visit the IRS Webpage here just for reference:Understanding Your IRS Notice or Letter