The IRS Audit Blog

Posts Tagged ‘tax’

Question: A couple of world history questions?

Please, only answer if you know.

1) Which of the following techniques wasn’t used by the Nixon administration against percieved enemies in the U.S.?
a- illegal wiretaps
b- arrest w/o cause
c- audits of tax returns
d- CIA investigations

2) This nations government received foreign aid from the Carter administration, but the Reagan administration aided those rebelling against it?

3) This nations affiliations with cuba led to a US invasion during the Reagan administration.

4) Nation torn apart by civil war between Muslims, Serbs, and Roman catholic croats.

5) This is the presidential practice of withholding funds for federal programs that was declared unconstitutional.
ANY ANSWERS HELP!!!

Answer: 1. b (this is just a guess)
2. nicaragua
3. nicaragua
4. bosnia
5. Sequestration (this is just a guess, it said on this one website- “the withholding or cancellation of funds”

AgFeed Industries, Inc. Announces 2010 Results

AgFeed Industries, Inc. , an international agribusiness company with operations in the U.S. and China and one of the large independent hog producers and manufacturers of animal nutrients in China announced record levels of revenue in both its animal nutrition and U.S. hog production units for the fourth quarter of 2010 and for the full year 2010.

Al Aiello Teaches Proper Ways Of Protecting Yourself From an Audit

Question: Accountants! Don’t be boring, save the planet instead!?

Have you lived in a country which should be stinking rich but is jam packed with people living in blighted misery?

The fundamental reason is always corruption in public office. Who can spot that? Only accountants. But audit within a nation is controlled by the government of said nation, and accountants with guns at their heads or bungs in their pockets are only human. So here’s my idea:

…a UN sponsored crack team of Chartered Accountants and Auditors who can be called or sent into a country and audit all or any part of the public tax and spend therein. They could have very limited powers, e.g. report only (red/amber/green), or you could give them the ability to send people to the Hague.

Participation by the countries concerned would be voluntary (which suggests that limited powers are actually more effective) and would occur if a government wanted to show itself to be clean, maybe after a scandal, or because it was excluded from some club such as WTO.

Well?

Answer: I like that idea. The practical issues (such as the breadth of specialist knowledge required) are immense though; public sector accounting is nowhere near as organised as corporate accounting (which itself varies wildly across jurisdictions). Also, the limitation of powers means they would have to face the same problems that make UN weapon inspections so ineffective.

Simplified net income taxation okayed

THE House committee on ways and means has approved a bill simplifying the net income taxation scheme (SNITS) that aims to limit from 10 to eight the allowable business deductions from gross revenues for self-employed individuals and professionals. As per the approved bill, deductions from gross income shall be allowed for only eight expenses: salaries and wages; supplies and utilities; rentals …

Energy Efficiency Audit Training | …

Question: I need some help?????

My 5 yr old daughter is a victim of identity theft. I found out from Social Services that someone was using my daughters SS# for employment purposes. They have the name of the person and the employers info, but that info can’t be provided to me because it violates privacy laws ( who are they protecting???). Anyways, I been given all these numbers to call and all im getting is the run around…..i tried 877-idtheft and all they did was document the info. i have requested wages summary for SSA and EDD. I tried calling the IRS but i cant find a number….the website tells me to fill out a 3949a form…..i cant go to the police unless i have documentation.( i guess i have to wait for the SSA & EDD summaries) Im just lost and frustrated any tips anyone??????

Answer: As strange as this sounds, let it run it’s course. When you get all the paperwork, then handle it. In the meantime, your 5 year old daughter is earning points toward her social security.

OUR OPINION: Beware of scams aimed at tax refunds

ID theft complaints tend to wax and wane as the authorities crack down on one sort of fraud, and it takes the crooks awhile to settle on another.

Michael Nutter’s Seth Williams Non Response Philadelphia Corruption Sparks $1 Billion Class Action

Question: Does anyone know if the IRS can dig up my past 2008 Federal Income tax 1040 and send to me?

Somehow I either misplaced it or it wasn’t placed in the packet when AARP tax-aide helped me last tax year. Is it possible that IRS can find a copy of this and fax it to me? I need this form in order to be approved for financing for a homeloan. Urgent message……………thanks

Answer: Yes, use form 4506 for a copy, 4506-T for a free transcript. If you need it fast, go to an IRS service center with proper ID and you should be able to get a transcript from them.

This Week in Credit Card News: Reward Offers, More Fees and Bouncing Debit Cards

Provided by LowCards.com

Printable Income Tax Forms

Question: what do i do if i missent my federal tax forms to the state treasury, and the state tax forms to the IRS?

do i need to re-send my tax forms to both agencies?

Answer: you need to send them to the right taxing agencies and make sure that you get them to the right places the second time

Tax Tip: 6 facts about choosing the standard or itemized deductions

When filing your federal income tax return, taxpayers can choose to either take the standard deduction or to itemize their deductions. The IRS has put together the following six facts to help you choose the method that gives you the lowest tax.

Removing IRS & Federal Tax Liens