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If they know all this stuff why are they asking me for a return that I filed? The letter I just received stated they have no record of me filing 2005! I absolutely did. It also says “if” I did file to return a newly signed return for the tax year 2005, and if MFJ that my spouse also has to sign. We have been divorced since 2005 no clue where he is. And If asking for something 19 years old isn’t odd enough…. The letter does not have a “respond by date”. My instinct is to prove I filed. I’ve been advised to wait for another letter since I actually did file, and the statute of limitations are up. Having said that, I am disabled, I’ve had lots of surgeries chemo. I have two tumors. I can barely make it to the mailbox. So I have not filed in the last several years. So I obviously don’t want to start a snowball of tax returns that I’m not ready for. I do plan on filing my taxes. I just need to know your opinion on this 2005 letter. How do I verify it’s legitimate without flagging my account? And if it is legitimate, shouldn’t I give them some thing showing 2005 was filed instead of waiting on a second letter? Again, would the IRS send something out 19 years old? Just doesn’t make sense to any of us. Thank you
I'm so freakin' boring and mundane, not to mentaion law-abiding, the IRS would completely waste their time knowing about me and as well as most Americans.
Everybody’s tax situation is unique and different - there are a variety of different ways. I’m getting rid of Tax Levy - Please check my calendar at bit.ly/3K1Bglg - Tap on a date to reserve a convenient time for your FREE 30 minute Personal Case Evaluation and we can see how we might be able help you get rid of Tax Levy. Thanks! Joshua A. Webskowski, EA, USTCP
There are actually three branches to the US government, one of which is the executive branch. Underneath the executive branches, the department of the treasury. Underneath the treasury is a little agency called the internal revenue service.
I think it’s very much the same in Canada with the CRA. Any government agency actually. If you have ever worked in a casino up here you have been scrutinized to obtain your licence. They know everything, I mean everything about you. They ask questions that they already have the answers to testing your honesty. We used to say after the interview, “I met god today.”
@@TripReviews They will know everything once they implement the mark of the beast. Until then they only know what I allow them to know. Cash is anonymous. I do not use plastic or any of those digital pay apps. Heck I haven't had any phone in 10 years. I use someone else's vehicle, someone else's internet, someone else's cable (when I can), etc. Literally no way to efficiently track anything I do. It is possible with recognition software but they have to know where I will be and what day/time to see anything. Even then they have no way of knowing if what I buy is for me or for someone else. I am one person and expending resources on one person for nothing to gain is wasting their time and resources. There are much easier and bigger fish to fry as it were. Don't get me wrong - I do pay some federal taxes and never claim a refund. In fact they owe ME over $10K in refunds.
The Alternative Minimum Tax (AMT) is a flat tax that has been in place since 1969. The AMT requires certain taxpayers to calculate their taxes twice - once under the regular income tax rules and again under the AMT rules. Taxpayers must pay the higher of the two amounts. The AMT was originally intended to ensure that high-income individuals paid at least a minimum amount of tax, but it has since expanded to affect more middle-income taxpayers as well.
Hi good morning, I had a question my refund was on the second Blue line approved, today it’s on the first blue line received? Is there a reason why that’s happening?
Ah, that's a great question about 1031 exchanges. The general rule is that if you do a 1031 exchange, you need to hold the new property as an investment or for use in a trade or business for at least 24 months after the exchange. If you move into the property and use it as your personal residence before that 24-month period is up, there can be penalties. The main penalty is that you would have to "recapture" the deferred capital gains taxes from the original sale. So you'd have to pay those taxes that were deferred through the 1031 exchange. The IRS views moving into the property as a disqualifying event that triggers that recapture. There are some potential exceptions or ways to avoid the penalties, such as if an unforeseen circumstance arises that forces you to move in. But in general, the 24-month investment/business use requirement needs to be met to avoid the capital gains tax recapture. I'd recommend speaking to a tax professional who specializes in real estate transactions if you have any other specific questions about your situation. They can help ensure you structure things properly to maximize the benefits of the 1031 exchange rules.
My W2 They said they can't do anything about it working at McDonald's for 2 years made around 17k I should be getting a few grand back in taxes so I thought can I sue? My employer said they fixed it so I waited another year and same problem they took out no federal and I have proof over the 2 years no federal was taken out so I got no money in taxes and I won't ever be getting the money Im owed for taxes idk what to do
I am on the phone waiting for dept of revenue to answer 3rd day calling. I know they are busy. I have 2 things. First I can't get pin number to do online taxes they advised me to send in the mail. Second I am separated live in different states I received letter someone selling cigarettes using my SSNumber. And last week title max company checking my credit history for auto loan. That's a breach I put fraud alert. Dept. Of revenue say they will take assets. I have only house but spouse enjoy I live in different state. I don't know if you can answer. This all complicated. Have a good day
I understand this is a complex and sensitive situation. We've dealt with similar cases. For personalized assistance, please contact our office @ 763-878-8481 or schedule a free 30 minute consultation at besttaxpro.com snd we can guide you through the steps to address these concerns.
Is there a process in which individual taxpayers, EAs, CPAs and attorneys can obtain the DIF scores for each line item on returns? Are DIFs available through "Freedom of Information Act" requests, as well as the algorithms for each component of the returns and the method of DIF compilation!
It's Halloween and the doorbell rings....a small child is dressed up as an IRS agent and says "trick or treat!" The home owner screams and drops the candy A voice says- Do you owe the IRS?😀 For one of those tax settlement lawyers.
To see if there’s a way I might be able to help, please Check my calendar at bit.ly/3K1Bglg and click on a convenient date and time to reserve your FREE 30 minute Personal Case Evaluation by our IRS Tax Professionals to see if we can help you.
