The IRS Audit Blog

Archive for January, 2010

Question: Question about IRS form 4506?

I was asked to fill out a 4506 form for a scholarship. And under line five it states” DO NOT SIGN this form if a third party requires you to complete form 4506, and lines 6 and 7 are blank” ( lines 6 and 7 are blank. So, am I really to leave the signature part of this form blank? it just doesn’t seem right.

Answer: No. This means if a third party sent you the form to sign and lines 6 or 7 are blank, do not sign.

Surely, the scholarship grantor asked you to submit copies of CERTAIN YEARS’ returns? In this case, fill in the form number and years, and sign the form.

How to Obtain a Transcript of Your Past Tax Information

Taxpayers who need their past tax return information can obtain it from the IRS. Here are nine things to know if you need copies of your federal tax return information.

Your Path to a More Affordable Mortgage

Question: Used incorrect social security # on Tax Return – What to do?

On the joint tax return, we filed with a digit incorrect on one of the social security numbers. As of yet, no response/letter has been received from the IRS nor the refund.

Should I file an amended return or file a new return with the correct # or wait until the IRS contacts us? What should I do?

Answer: The IRS WILL contact you regarding the SSN mismatch so DO NOT send in an amended return, which will cause confusion and delay.

IRS Tax Refund E-Mail or Scammer Stealing Your Identity?

COLORADO SPRINGS – Camille Wright got an e-mail promising a more than $300 tax return from the Internal Revenue Service. Turns out, it’s a scammer trying to steal her identity.

Tax Tips & Advice : How to Report Tax Evasion

Question: PLEASE Help! Injured Spouse form #8379 tax question!!?

The instructions are really confusing on the IRS website. I (the wife) owes back taxes, my husband does not. He has ALL the income in 2007 and has a refund coming to him, obviously he wants it. Would HE be the injured spouse?

Also, how do I fill out Part II? What do I allocate to whom? For instance, it asks us to allocate our standard deduction (10,700) What do I put in the box for injured spouse there? Half that, or all of it? And also for number of exemptions, we are 2, does he put 1 in the allocated to injured spouse section or keep it as 2? CONFUSED! Your help would be GREATLY appreciated! Thanks!

Answer: If you do not live in a community property state and you had $0 income, you would actually put “2″ in the exemption column for your husband.

Business Briefs

Aurora Marketing Merengue The Aurora Hispanic Chamber of Commerce will host “Marketing Merengue — A Latino Three Step Approach” at 11:30 a.m. Wednesday at Gaslite Manor Banquets, 2485 Church Road. It will be an interactive and actionable marketing workshop orchestrated with proven strategies to more effectively engage Latino audiences, presented by Jerry Campagna of MST Latino Inc.A cost of $15 …

Every Pre Paid Legal Services Leader Knows This

Question: How do I contact the IRS about the required minimum distribution for an IRA?

Answer: The following link will take you to the IRS download page for publications. You need publication 590. It contains the instructions and tables you will need.

http://www.irs.gov/formspubs/lists/0,,id=97819,00.html

FACETIME

TUESDAY Advance Concepts of Selling. Tips on how to prospect for clients, handle concerns and close the sale. 6:30 to 8:30 p.m., 401 N. Washington St., Suite 100, Rockville. Sponsor: Montgomery County Commission for Women, Counseling and Career Center. Contact: 240-777-8300. Cost: $20. Web site:…

The Power Hour with Joyce Riley on GCN 2/4: IRS steals Crow Creek Indian Territory!

IRS Says E-mails About Refunds Are Scams

An e-mail scam, seemingly legitimate correspondence from the Internal Revenue Service, is making its rounds in Middle Tennessee.

Authentic Sovereigns Don’t Commit ID and Land Theft Crimes against Americans