IRS Examination vs Auditing

I'm being "examined" by the IRS. Apparently stocks I bought and sold have a cost basis of zero in their eyes. Anyone know what the difference between an examination and an auditing? Is it just semantics?

examination = audit. Sounds like W is sticking it to you before he's out of office. j/k good luck with it.

MAybe it means that they are reviewing your return closer to see if your numbers add up v/s an audit where you sit down with someone to review your return. I'm still waiting for my 07 tax refund and my 07 stimulas check.

MAybe it means that they are reviewing your return closer to see if your numbers add up v/s an audit where you sit down with someone to review your return. I'm still waiting for my 07 tax refund and my 07 stimulas check.

Nope. An examination is the same as an audit.

You should have received both of those unless the IRS has notified you of some problem. It is way past time.

What FRPLG said. Audit and Examination are synonymous. And yeah Firstdown, I'd be calling the IRS to find out what the hell happened to your money.

good luck saden. hope all is on the up and up:)

Thanks guys, I should have it all sorted out on by weekend.

Oh and I'm always on the up and up...I'm not crazy enough to mess with an organized crime syndicate.

Thanks guys, I should have it all sorted out on by weekend.

Oh and I'm always on the up and up...I'm not crazy enough to mess with an organized crime syndicate.


Nice cover if they research your posting history. Very well played.

What FRPLG said. Audit and Examination are synonymous. And yeah Firstdown, I'd be calling the IRS to find out what the hell happened to your money.
I filed my taxes on the last day of the extension that we filed so it has not been that long but its seem that way as its one year I actually get money back.

Ah...didn't mention an extension. You're return probably gets a good look if you've filed an extension and they end up owing you money.