The IRS Audit Blog

Archive for July, 2009

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Community notices

The American Cancer Society will be hosting the 10th Annual Relay For Life Kickoff on from 6 to 7 p.m. Tuesday at the Silver City First Baptist Church.

TourFactory Virtual Home Tour #536409

Can’t afford to pay for tax advice? Here’s where to find free help

If you need help preparing your taxes and can’t afford to pay someone, many places offer free assistance. You must call ahead for an appointment unless noted.

Tax Extensions are Automatic

Question: iS GeT MY FrEE LapTOP dot com a scam?

Is get my free laptop dot com a scam?
I jumped through the hoops for this “free” laptop, spent a lot of money getting to the point where I acutally “earned my certificate” for the “free” laptop.
I printed it out and low and behold, they say it’s a “GIFT”. Now I have to fill out the form requiring my Social Security Number and have it notorized before I can send it.
When I get my “free” laptop, they will send a form with my Social Security Number to the IRS stating it was a “gift!?”
Has anyone ever been as fooled as I was about this program? I’m still signed up with some video/CD club until I purchase two more…
I’d rather not claim my “free” laptop if it’s going to cost me the possibility of identity theft!!!
I think this is a scam. I could have BOUGHT the laptop with all the money I spent on their “free trial” Bullsh*t.
They don’t tell you up front about the SSN being needed.

Answer: I think you already answered yourself for this question.

IRS Offering Saturday Office Hours in ABQ on Feb. 20

Saturday opening designed to help taxpayers who want help but can’t make it to the office Monday-Friday Stressing about preparing your federal tax return? Have questions you need answered? Looking for a little help? Well, the Internal Revenue Service announced Friday in a news release . . .

I want to get my tax return fast! Where should I go?

Question: whats is the irs form 1099 oid for? ?

Answer: Original issue discount (OID) is the excess of an obligation’s stated redemption price at maturity over its issue price (acquisition price for a stripped bond or coupon). OID is taxable as interest over the life of the obligation. If you are the holder of an OID obligation, generally you must include an amount of OID in your gross income each year you hold the obligation.

It’s 1099 time

There are 13 types of 1099 forms, and you may have received one or more of them in the mail. Here’s a brief rundown of what they report. 1099-A. This form is a consequence of foreclosure or bank repossession of secured real property – “acquisition or abandonment”, in IRS terms. Lenders send it to the foreclosed party and the buyer. It shows the date the lender acquired the property or learned it …

1179-UCC #27-Winston Shrout audio-1099OID process: Overturn The Money Changers

Ex-accountant gets prison for fraud

A 69-year-old Tigard man was handed a prison sentence and ordered to pay restitution after pleading guilty to federal charges of bank fraud and money laundering.

1966 Dodge Dart IRS Autocross