The IRS Audit Blog

Posts Tagged ‘flickr’

All Dates for this Event:

NEW SUPPORT GROUP: A new support group has been formed for young new moms and pregnant teens. Meetings are the first Monday of each month from 6 to 7:30 p.m. in River of Life Assembly of God Church, 400-22nd Ave. NW. Snacks and child care are provided. The next meeting will be Feb. 1.

ILLEGAL ALIEN STOLE DEPLOYED SOLDIERS IDENTITY

Question: how do I find out if I have a lien against me from the IRS due to non-payment of student loans?

I took out a student loan when I was going to graduate school and they have been in default/collections since 2006. The collection agency is currently in the process of granishing my wages–but have not yet sued me. Just wondering if I would receive any notice from the IRS regarding any liens I have against me.

Answer: Call this number 1-800-304-3107, you will need your ss#.

Calculating an Offer in Compromise

A guide to making an offer to the IRS to pay off your tax debt

Stop an IRS Tax Levy Fast

Question: Do I get in trouble for over-reporting my income on tax returns? Or just under reporting?

I’m self-employed. If I don’t take all my deductions, in order to make my net look higher than it would be otherwise, does the IRS care? After all, they’d be making more money right?

In other words, are deductions optional?

Also, what if I accidentally put a larger gross than I actually made? Won’t an audit reveal I’m due a refund?

Answer: You could get in trouble , if caught, if you did it in order to commit fraud. Two possibilities come to mind: Exaggerating your income to increase earned income credit (defrauding the government), or exaggerating your income to qualify for a loan (defrauding the bank).

Tax Tips: The joys (and woes) of self employment

As the economy continues to stumble along with uncertainty, many are starting to look at the self-employment option as the way to get ahead.

Tips for Filing Taxes : How to Appeal an IRS Audit

Question: DIRECT DEPOSIT FOR YOUR TAX REFUND!?

I filed my taxes on the 16th of January, according to the direct deposit schedule of the IRS for 2009, I should have received my refund last friday. The message on the irs website just says its being processed, and I should receive it by February 10th. Whats up with that? Any information would be greatly appreciated.

Answer: The IRS does not guarantee a specific deposit date, although it’s generally according to the schedule you’ve seen. Many refunds have been delayed due to errors related to the recovery rebate credit. I also suspect the large volume of efiled returns could be the problem as well,

By the way, direct deposits are usually made a couple of days before the day it shows up in the bank. This is because for Friday deposits the banks are obligated by the IRS to make it available on that day.

2009 tax deduction amounts

Use our charts to determine what to claim as standard or itemized tax deductions.

Undelivered Refunds – November 2009

School Science Fairs Being Phased Out

In Cabell County, W.Va., the science fair as many know it is becoming an endangered species. It’s a matter of balancing a pursuit of knowledge with a changing world of funding and politics.

Any fee, that is more than a cost quencher, is a tax!