The IRS Audit Blog

Archive for April, 2011

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Legals > Legals

GEORGIA, WAYNE COUNTY THIS LAW FIRM IS ACTING AS A DEBT COLLECTOR ATTEMPTING TO COLLECT A DEBT. ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE. Under and by virtue of the Power of Sale contained in a Security Deed given by David C. Smith, Sr. and Delisa D. Smith to Prime South Mortgage, dated October 25, 2004, recorded in Deed Book 30-H, Page 110, Wayne County, Georgia Records, as last …

Jacksonville Attorneys Willis Ferebee & Hutton

Question: Employer showed additional $40,000 in income, which i did not earn.?

I worked for the employer and initially earned $13,000 and i received the W-2 form for the income and i filed the taxes for $13,000. Received letter from the IRS that the employer showed addition income for fishing income $12,790, another income $12,790, rental loyalty $13,990.
I don’t understand the additional income showed by the employer and how can is dispute. ( The employer never gave me any document regrading the addition income shown on the IRS). I NEVER RECEIVED THE ADDITIONAL INCOME SHOWN IN THE IRS DOCUMENTS BY THE EMPLOYER

Answer: Go to the Human Resources Department of the company where you work. They can help explain what is going on. Also, call the person who does your taxes. You don’t by chance work on a boat? Are you sure somebody else isn’t using your Social Security Number? Identity theft can cause strange things to happen with your taxes. Call the IRS to see if anybody worked for a different company using your SSN.

Yakshna Solutions, Inc. Adds More IRS Forms to its Tax Product Series to Help Tax Payers to E-file their Returns and …

Tax2efile is an exclusive tax e-file service from Yakshna Solutions, Inc. Tax2efile provides e-file service to individuals, business and non-profit organizations to complete the actual tax returns and extensions timely, accurately to avoid interest and penalties. Tax2efile helps to file IRS extension forms 4868, 8868,7004 to defer the actual returns, in some cases to defer the payments for 6 …

Association Form 990 Database Demo

Tax time: ‘Knowledge is your best weapon’

Tips to remember when filing your Oregon and federal income tax returns.

Kent Anderson Law Office

Question: What’s the best way to transfer money from overseas from proceeds of property owned by US citizen to avoid tax

I’m trying to figure out the best legal way to minimize taxes in transferring funds from overseas. These funds are close to $250K and are proceeds from the sale of property located outside the US, but owned by a US citizen, in this case my father. I am not sure if the gift law would apply here since he’s a citizen. Also, what documentation is required by the IRS?

Answer: 1. If you transfer money, there is no tax implication.

2. You father must report the sale of the property on his U.S. tax return. He must file the tax return if the income is more than the filing limit.
If he paid taxes on the profit in a foreign country, he will get foreign tax credit by filing form 1116.
Read: http://taxipay.blogspot.com/2008/03/us-citizen-or-resident-with-foreign.html

3. If he owned the house for more than two years and lived in the home, then he may exclude profit from the sale up to $250,000
Read: http://taxipay.blogspot.com/2008/03/profit-from-sale-of-your-home.html

4. If your father gifts you property or money, there is no gift tax on the receiver of the gift. But person giving the gift must file gift tax return, even he may not owe any taxes as there is a life time exemption of 1 million.
Read http://taxipay.blogspot.com/2008/03/us-gift-tax.html

IRS Awards $4.5M to Whistleblower

PHILADELPHIA— An accountant who tipped off the IRS that his employer was skimping on taxes has received $4.5 million in the first IRS whistleblower award. The accountant’s tip netted the IRS $20 million in taxes and interest from the errant financial-services firm. The award represents a 22 percent cut of the taxes recovered. The program, designed to encourage tips in large-scale cases, mandates …

Owning An IRS Lawyer: Marc Stevens – Part 1

Question: Should I accept a temporary job offer with the IRS in Utah?

I have no place to stay in Utah, so I would have to arrange for housing. All I need is a room, really. A cheap motel with weekly rates would work, if I can find such a place in Ogden, Utah. The job is working in the mail room for $12.00 an hour.

The job will last a maximum of thirty days, after which I will be unemployed again. I will be able to draw unemployment after the job ends, I think.

I have no other job offers at this time. I am not broke, but my savings are diminishing. The IRS job of course could be somewhat hazardous. Think about it. Opening mail at the IRS.
Disgruntled, crazy taxpayers. Who knows what they might send.

I am currently staying with relatives in Texas and have no real housing expense here, so I would not be paying rent in two places. It’s a 1500 mile drive to Ogden, Utah and I need to be there by 4:00 pm on Monday.

What it comes down to is this: Should I drive 1500 miles for about 1500 dollars, plus maybe 3 grand in unemployment?

Answer: It is up to you. Ogden is a good city lots of things to do here. We do have cheep hotels in which you could stay. Good luck on either decision that you make.

Ogden teachers, other unions rally for collective bargaining

Ogden teachers, other unions rally for collective bargaining By rosemary winters The Salt Lake Tribune Published Jul 14, 2011 12:11PM MDT Ogden • An estimated 800 people rallied in Ogden’s Liberty Park on Thursday to protest the city school district’s decision to not negotiate a contract with its teachers union. Ogden teachers were joined by their colleagues from around the state, members of the …