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How to acknowledge accounting error found while collecting information to send to IRS for correspondence audit?

Chicago, IL |

i am in the process of a correspondence audit by the IRS and I noticed an error in my charitable deductions. My records reflect less than what was listed on my return. I can only assume that this was a fat finger mistake made by my tax preparer. How do I acknowledge this when I submit my information? It was a mistake on his behalf and an oversight on mine.

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Filed under: Tax law
Attorney answers 1

Posted

You could file an amended return or, since it is a correspondence audit, acknowledge the mistake in the correspondence. I think that it would be a good idea to hire a tax attorney to help.