Former IRS Agent Discloses How Much The IRS Agent Knows About You and How They Know About It 

They don't care.

Not a bright idea.

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.

@@besttaxpro-tax-advisor explain definition of what Middle Americans is to you.

I appreciate your sense of humor! But since March ‘22 those IRS home visits have no longer been a reality. However, our team is here year-round to help with any tax-related questions or concerns. Feel free to reach out for assistance you may need. 763-878-8481 or besttaxpro.com to schedule your free 30 minute consultation. Happy Halloween!🎃

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.

Hi There! Sorry I missed your comment but you can always book a meeting with me on joshuaallenwebskowski-besttaxpro.zohobookings.com/#/customer/besttaxproinc Or call: +176387 88481 Email: josh@besttaxpro.com You can also visit my website for more info: www.besttaxpro.com/

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That is getting close to impossible these days and more so as each day passes.

@@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.

Absolutely, we're well-versed in the use of 1099A and 1099C for debt discharge. Feel free to reach out to our office for more detailed information. We're here to help! 763-878-8481 besttaxpro.com

and old joe want mucho more irs collectors.

@@soxfan I need to hide 130K from Joe, I need a fixer

@@melg9825 check with trump, he knows a good fixer.

Nobody is harassing