The IRS Audit Blog

Archive for July, 2008

IRS expects to answer only 71% of phone calls this tax season

If you call the Internal Revenue Service for help this tax season and someone actually picks up the phone, consider yourself lucky.

IRS Offer in Compromise

Question: Can I get advisement on my taxes?

At about the beginning of this month (July 2008), I filed my 2007 1040. While trying to check the status online, I found that I had left a seemingly vital box blank. Line 74 states the amount that you overpaid in taxes, and line 74a asks how much of that you would like back. I filled in 74, but not 74a.

Have I forfeited my refund, or can I amend this? Or (hopefully) is there some type of default rule where the blank box automatically means the full amount will be refunded?

(I’m asking this on yahoo because I don’t want to have to spend all day for 3 days in a row just waiting on the IRS’s phone line, just to be driven around in circles.)

Answer: don’t amend! IRS will send you a letter for any corrections they make on your tax return. IRS has not even started processing your return yet so you will have to wait 6-12 weeks before you hear from them.
Sit back relax and be patient.

Preparers face tough IRS rules

In an effort to curb mistakes in income tax returns and assure paid preparers are qualified, the Internal Revenue Service next year will begin enforcing new regulations.

Filing Status, Exemption Info from The “Tax Lady Sings”

Bulletin: Make the Call, Earn a Reward

Here’s What To Do Look closely at each picture. If you know the wherabouts of any of these wanted individuals, please contact the Combined Communications Center at 352-955-1818.

What To Expect After You Hire A Tax Relief Firm, Part 1

Still touting stocks

Jonathan G. Lebed seemed to be everywhere at the age of 15.

Darwin Boedeker Returns to Alex Jones Tv 4/4: Gun Shows Banned in Austin, Tx- Guest Aaron Zelman

Question: Are bank overdraft fees tax deductible, and if they aren’t is there any IRS publication on this regulation?

Answer: If you mean for your business or a business, yes they are.

If you mean for your personal taxes, no they are not.

Briefs – Feb. 4

Senior Meal every third Sunday at Clarinda Regional Health Center

IRS Presentation on 403(b) Final Regulations – pt 2