The IRS Audit Blog

Archive for July, 2009

Tax credits could cause headaches when filling out your 2009 return

This year you absolutely must fill out your federal income tax return before deciding how you’re going to spend your refund. Why? Because you could be coming up short or even owing the government money, thanks to some quirkiness in a “Making Work Pay” tax credit.

DMCA Counter Notification Posts Five Percenter Sovereign’s Batch Identity Theft Criimes

Where Does A PCC Come From?

In the first edition, much was made of the risks of this form, given its relative novelty. Whilst these concerns are still valid, the authors have included much more material on the genesis of the PCC, and several themes are explored in far more depth.

1099 Mortgage Forgiveness Tax Liability Insolvency

Rep. John B. Larson: 2010 Census: Answers to the Top 10 Most Frequently Asked Questions

By being counted in the Census, you’re helping your community secure the resources and representation that it needs and deserves. Learn what you need to know about the Census here.

Documents Needed for Preparing Your Bankruptcy

Question: IRS Disputes my 2005 tax return, now what?

I received a IRS envelope yesterday. (Oh joy!)

And they are disputing my return for 2005.

In the letter, they say I “may” owe them $7,000.

Can someone out there tell me what steps to take to get out of this mess?

Is this basically an audit and can I negotiate some type of payment
schedule??

Should I represent myself or hire a good CPA/Tax Attorney?

Thanks in advance to all who can help me.

Answer: If you have received a CP2000 form then it will make you a little happier to know that about 64% of them are incorrect. You have to read the notice they sent you; or find somebody who is familiar with tax matters; and have them read it. The IRS does not hire mind readers and they only use the information they received. If the information is in error then the situation goes downhill from there. All errors can be corrected and problems worked out so don’t get an ulcer. Read it; or have it read and straighten out whatever has been screwed up.

‘Talkmaster’ tones down on foundation funds

MARIETTA – The Cobb Schools Foundation was a topic on Neal Boortz’s talk-radio show again on Wednesday, though the self-proclaimed “Talkmaster” was much calmer from the day before. On Tuesday, Boor…

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