The IRS Audit Blog

Archive for April, 2008

Question: Should congress block funds to ACORN?

Minnesota Rep. Michele Bachmann called on Congress Thursday to block ACORN’s access to federal housing funds, citing repeated charges of voter registration fraud against the low-income advocacy group.

The Republican congresswoman, flanked by an ACORN whistleblower and an attorney who worked on an ACORN case in Pennsylvania, escalated a media offensive against the group, which is a favorite target of conservatives who claim liberals are unjustly protecting a dysfunctional organization by allowing it access to taxpayer money.

“ACORN, as you know, is no stranger to the spotlight,” Bachmann said outside the Capitol. “Yet no matter how many times prosecutors investigate and even indict ACORN and their employees, they emerge unblemished as far as the federal government is concerned from having access to federal tax dollars.”

http://www.foxnews.com/politics/2009/05/14/bachmann-calls-congress-block-funds-acorn/

Answer: ABSOLUTELY.

Glenn Beck is trying to untangle the deceit with ACORN.

The more he uncovers, the more there is.

He has ACORN members on the show telling him what is what.

McMurray man pleads to fraud, tax charges

This article has been read 0 times. A McMurray man pleaded guilty Thursday in federal court to charges of wire fraud conspiracy and filing false tax returns.

Attorney Jobs Pennsylvania

Question: What is the entity type I need to select for Federal Tax Id for my new business?

I am trying to open a new LLC with myself as a sole proprietary ownership. I need to get Federal Tax ID. What is the entity type I need to select so that I get maximum tax benefits?

Here is the application form from IRS web site. Please take a look at question 8a.

https://sa1.www4.irs.gov/sa_vign/newFormSS4.do

Answer: I actually had this question a few months ago. You need to do a sole proprietor. The company is in your name only. From there you can file to become a Limited Liability Company (LLC). Other than that, I’d say that you have to look into the the options you have because I don’t know what you have in mind for a company or what the company plans to do. Hope this helps.

Unclaimed tax refund deadline nears

Unclaimed refunds totaling more than $1.3 billion are awaiting nearly 1.4 million people who did not file a federal income tax return for 2006, the Internal Revenue Service announced this week.

Recovery: Making Work Pay-Claim It – Jan 10

Question: how to fill out irs form 5405?

Can I file my regular taxes separately on turbo tax since who knows when IRS will update form 5405? They were suppose to update the form by jan 8th but oh well guess not.

Answer: You can file your return without claiming the FTHB credit now and amend that return later when the IRS gets their act together with the 5405 form. The return containing the 5405 must be a paper return whether you include it in the original or an amendment.

TurboTax answers your homebuyer credit questions

The April 15th tax deadline is not that far off. Still, readers have questions on whether or not that qualify for the homebuyer credit. Bob Meighan, TurboTax vice president of consumer advocacy, answered some of the more complicated questions.

IRS Commercials: How to eFile with Free File- February 2010

Question: Which religious sects are automatically allowed to file IRS Form 4029 to opt out of social security?

I need to know as comprehensive of a list as possible of all the “pre-approved” religious organizations that the IRS allows the members to opt out of social security using form 4029.
… And don’t say “none” because I have a copy of the form right here in front of me and it clearly says that any member of an “approved organization” can file.

Answer: The government does not maintain a list of qualified religious organizations for Form 4029. Any individual can apply using Form 4029, but as you have read the form, the individual must be a member of one of these organizations, and that particular organization had to be in existence before December 31, 1950.

The history of this exclusion arose from a dispute with the Old Order Amish. Members of this sect have successfully used Form 4029. Mennonites are another example of individuals that have used this form.

Other than those two groups, I can’t find other examples.

Question: Tax incentive…….can’t find answer on irs.gov

Married………filed jointly………2 children listed 18 & 19………..they have no income to declare for 2007…….do they qualify for TI ? what forms are needed?

Answer: If you are asking about the stimulus rebate these children are not eligible for the additional $300 as they are over 16 years old. They still may be take as dependents if they either were attending college or lived with you all 12 months of the year.

IRS Has $43M for New Jerseyans who have not filed a 2006 tax return

Unclaimed refunds totaling approximately $43 million are awaiting about 39,900 New Jerseyans who did not file a federal income tax return for 2006. To collect the money, a return for 2006 must be filed with the IRS no later than…

Tax Tips: Haven’t Filed a Tax Return in Years? – Feb 10