The IRS Audit Blog

Archive for June, 2009

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Question: how many points will my credit score go up after i have a federal tax lien and charge off removed? about how?

i have a federal tax lien from 1995 on my report which i am having removed with a release form the irs. i also have a charge off that is scheduled to be removed this month . my question is how much will my score go up and when ? will it be 5 point or 100 points? other wise my report is perfect

Answer: Even if you do get both of these removed your score will not really change since 90% of scores are based on the last 24-months of activity.

Anything old enough to be legally removed has very little affect on scores.

Lien Negotiation Counsel Unveils Service to Help Personal Injury Attorneys Achieve Lower Healthcare Lien Reimbursement …

Legal team leverages nearly two decades of healthcare subrogation experience to address increasing demands by Health Plans

Removing IRS & Federal Tax Liens

Palm Drive finances improve in FY 2010 under new administration

The Palm Drive Healthcare District ended the calendar year on a positive note, as its interim finance officer reported a turnaround in the financial fortunes of the hospital as it attempts once more to sell bonds and exit Chapter 9 bankruptcy.

JCCC Board of Trustees 5-21-2009

Tax firm to repay up to $19M in IRA fees

H&R Block Inc. will refund up to $19.4 million in fees to customers who bought an individual retirement account product, which the New York attorney general claims was a money loser because it charged more in fees than it paid in interest. Attorney General Andrew Cuomo announced the settlement with H&R Block on Monday. H&R Block will refund between $11.4 million and $19.4 million to customers …

JCCC Board of Trustees Meeting 3-26-09

Question: Filing jointly after a divorce?

Here’s the deal. I was divorced early in 2009 after 5 years of Marriage. My ex-wife is not a US citizen. She has moved out of the country. She has not had any income in over 2 years in the US. We have always filed jointly while we were married. If my ex-wife never files a 2009 1040 next year, would it raise some sort of red audit flag if I continued to file jointly. I know that I am not supposed to file jointly for tax year 2009, but want to get people’s opinions on how this could raise a red flag if she doesn’t file.

Answer: If you are divorced, you are not supposed to file MFJ. IF you do and get away with it, the IRS will catch up with you and you would have to pay much more than what you think you are going to save when you break the law. Why break the law when you don’t have to, that would be stupid in my opinion.

LAWRENCE: Year kicks off with new mayorâs hopeful message

Township Councilman Michael Powers was tapped to serve a one-year term as mayor, and two newly elected Township Council members were sworn into office as the Township Council held its annual reorganization meeting New Year’s Day.

RSM McGladrey 2009 Summer Intern Capstone Slideshow

Question: Venezuela, Ecuador, Bolivia, Argentina, who’s next ?

The government of Pres. Christina Fernandez de Kirchner sent 200 tax agents in a raid of a major news group of that country (Argentina) which has been the leading forum for opposition to the conduct and policies of her government.

http://news.bbc.co.uk/2/hi/americas/8250251.stm

I’ve asked this question because in the past Our Country’s Ruling Party has used the IRS in a similar fashion. So, are we looking at a resurgence of “police actions” to stifle dissenting voices ?

Answer: Tax raid on Argentine newspaper

President Fernandez has accused Clarin of biased reporting
More than 200 tax inspectors have searched Argentina’s biggest newspaper, which is currently embroiled in a fierce battle with the government.

Officials said the raid on the daily Clarin was “routine”, but the newspaper accused the government of harassment.

President Cristina Fernandez is trying to push through media reforms which she says will modernise the industry.

But critics say the president’s aim is to weaken the Clarin Group, Argentina’s dominant media company.

President Fernandez and her husband, former president Nestor Kirchner, have in the past accused Clarin of biased reporting and described the group as a “monopoly”.

Thursday’s raid came on the same day Clarin newspaper published a report alleging a government farm trade controls agency granted a 10m peso ($2.6m, £1.6m) subsidy to an agricultural firm without authorisation, local media report.
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Welcome to the future. You might want to bring this to Glen Beck’s attention. I think he’d be interested.

Sex change surgery tax-deductible-US court

WASHINGTON DC, United States – An American transsexual who was audited after deducting the cost of gender reassignment surgery when filing her taxes has won an appeal asserting the operation was a legitimate medical expense.

No Risk of Hyperinflation Says Federal Reserve Chairman Ben Bernanke. Rest easy Glenn Beck