Welcome Guest. Register Now!  



 
 
LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1 (permalink)  
Old 12-20-2018, 10:20 AM
Junior Member
 
Join Date: Dec 2018
Posts: 1
Vehicle Tax Audit - State Subsidy

I recently got a letter from my local county's Personal Property Tax Department stating that while my federal return had one of my car's listed for business use, the vehicle was registered for personal use with the county, thus receiving a state subsidy. They are asking to list which one of my vehicles was used for business. My question is, should I simply list the vehicle I used and pay back the subsidy, or go back and try to amend my tax return and not claim that deduction? Which one would be more likely to lead to further action from either the IRS or the local state tax department?



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
 


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Audit Alert from State of NJ, Department of Labor and Workforce Development EspteinCPA_ 007 CPA Forums 2 10-05-2011 12:25 PM
What is the Impact of the Comprehensive 1099 Taxpayer Protection and Replacement of Exchange Subsidy Overpayments Act of 2011 to Landlords who were required to issue 1099's to Independent Contractors? TaxGuru Miscellaneous 0 06-23-2011 01:22 PM
Irs Audit brookifer S-Corporation 0 09-24-2010 02:52 PM
COBRA Subsidy Eligibility Period Extended Through February; 15-Months Subsidy Now Available to Those Who Qualify Samatg For 2009 0 01-20-2010 11:25 PM
Tax audit rmccoo567 Itemized Deductions 2 02-22-2008 05:34 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.