Screwed Up My Taxes
I got a letter from the IRS today. It seems that back in 2005 when I was buying and selling stocks like they were candy I filed incorrectly.
I bought, and sold, just over $10,000 in stocks that year using $5,000 of capital. My actual profit was in the neighborhood of $100, and I did my level best to make sure I paid taxes on that. However, due to some mishap on my part, the IRS now thinks that I made $10,000 in stock sales and wants a little north of $3,000 in taxes.
Hopefully it won’t take too much to sort this out.