How do I legally fix a daytrading back taxes error? 2 Answers as of November 20, 2010
The IRS thinks I owe back taxes for 2000 and 2001 when I was day trading stocks, they based that solely on sales. With my purchases, it is about break even. I stop day trading cause I went homeless for several years after military service, but they have hounded me every year and the stock company does not keep records over 7 years old to help prove what I purchased balances off my sales. Need advice on what type of person to see and how to resolve this monkey on my back.
David Hoines Law
| David Hoines
Burden on you to keep records can you reconstruct your trades? if so, might be able to work something out, but very difficult.
Answer Applies to: Florida
LT Pepper Law
| Luke T. Pepper
You can file amended returns to reflect the unpaid liability.
Answer Applies to: Pennsylvania
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