The IRS Audit Blog

Archive for January, 2007

Wendover man arrested for identity theft

WEST WENDOVER — A Wendover, Utah, man was arrested Tuesday after West Wendover police investigated an alleged identity theft.

Law Office of Theron D. Morrison

Question: what would trigger a tax audit by the state or irs?

is it random?

Answer: Probably a drastic change in what you claim, or if you have the exact same for several years?

Audit: Mo. Could Keep Better Track Of Tax Exemptions

An audit says Missouri could do a better job of tracking how much tax money is lost because of sales tax exemptions.

Maude: The Tax Audit 3/3

Question: Explain this to me…Boy those EX’s……………….?

Oldest child in Florida Foster care, Yet ex Wife is still collecting support.?
I need e-mail’s of other people whom I can contact without having to contact ‘IRS’ and who in Tallahassee is a good source or any phone numbers.

Answer: Umm if you owed back child support you still owe her. If you are mentioning the IRS chances are you are behind. Even if the child would turn 18 at this time you still have to pay her what you owe her.

IRS flunks in customer service, watchdog says

IRS flunks in customer service, watchdog says

I have experienced tremendous growth in my business.

Question: Can a 501(c)(3) organization be purchased?

I am looking at purchasing a school. It is currently a 501(c)(3) organization, although it is run like a business and the owners pay themselves most of the profits in the form of salary and perks. Can I purchase this school as a 501(c)(3)? From another Q&A exchange in this forum, I understand this is not possible. If it is not possible to purchase the 501(c)(3), would it be possible to purchase the assets instead? My understanding from reading the IRS guidelines is that the assets could be purchased, but the sellers would have no way to pay themselves the proceeds of the asset sale without creating an excess benefit transaction and having to pay excise taxes of 200%. Thus the sellers would never wish to do this. I look forward to your responses.

Answer: OK, I’m sticking my neck out a bit here (because I KNOW some smarty-pants CPA will want to show me up) but I don’t see how you could purchase the 501 (c) (3) because there are no shareholders. The only way to purchase an entity is to buy the controlling shares. So it comes down to forming a 501(c)(3) and purchasing the assets OR simply offering a nice retirement to the present operators and become the director of the existing entity. That’s what you are after anyway: the director’s paycheck.

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Remsen native and the 2009 luge world champion Erin Hamlin has once again hit the pages of Sports Illustrated magazine. A picture of Hamlin with a short block of text is featured on page 76 in …

Tax Tips & Advice : How to Find an Auditor

Question: I need to find out about my stimulus check?

I went to IRS.gov and check my eligibility and date it should have been deposited. It still has been put into my account and I filed by direct deposit. How can I find out more or who can I contact?
I went to irs.gov to find out if I am eligible and also when I should receive my check. I set up direct deposit through Jackson hewit ( who I can no longer reach) so I should have received my payment on the 9th. Where do I go from here?

Answer: A lot of people think they qualify for direct deposit and the don’t.

Check your bank statement from when the original refund came – if it says “US Treasury” you should be OK for direct deposit as long as that account is still open, and you didn’t split your refund into multiple accounts. Otherwise, you’ll get a paper check.

Charleston Mayor Reports Break in Rash of Robberies

Charleston Mayor Danny Jones says a criminal complaint is being written for an arrest in a string of robberies that have happened this week in the Kanawha City area of Charleston.

Economic Stimulus 2008 package rebates checks IRS resources