For those of you who've paid income taxes in the US for *at least 5 years*: Have you ever had your personal taxes audited?
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When you say extremely complicated returns, do you mean in terms of $ involved or in terms of deductions claimed, number of forms filed etc?
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A W-2 employee with salary of $20 million and public equities has an extremely simple return. A US citizen residing abroad who is self-employed, controls a foreign pass-through entity, and owns shares in a Passive Foreign Investment Corporation (i.e. mutual fund) has complexity.
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Is that something you can pay and accept the penalty, move on with your life? Or that you will likely get audit again and again?
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Sent in a check and never heard about it again. This is 10+ years ago now, and have had no in-person audits, correspondence audits, or notices of deficiency since.
End of conversation
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