3
votes
1answer
312 views

Clarification of “First Year Choice” in IRS pub. 519, U.S. Tax Guide for Aliens?

In IRS Publication 519, on page 9: What is the purpose of "First Year Choice"? I mean how would it help a taxpayer? Also in the example if Juan DaSilva is considered resident from Nov 1, 2010 then ...
6
votes
1answer
170 views

What are the potential penalties for filing an erroneous tax return, if I amend the return immediately?

In prior years, my school partnered with a certain accounting firm to provide us with 1098-Ts. Up until November of 2011, I was receiving emails from them mentioning this service. In January, their ...
7
votes
2answers
373 views

What increases your chance of being audited?

What increases your chances of being audited? Having a home office? Small business? what decreases your chances? Does hiring an accountant do your taxes makes it look more credible to IRS agents?