The IRS Audit Blog

Posts Tagged ‘web2.0’

Question: Potenially Behind on my Taxes – Any Suggestions?

I have had a relatively short working career, the part-time and temp jobs I did through college yielded little income.

Since then (The past 5 to 6 years) I have had somewhat steady employment as a contract designer and no real way to track my income ( I have changed addresses a few times – companies I worked for kept sporadic records etc.) until this past year where I landed a management level position – yet still as a contracted worker with no benefits or taxes taken out to my knowledge.

I now feel it’s time to move on to payroll and into the benefits package – but that won’t occur until late October of this year.

I’m currently making 45K (annually) and do not want to jeopardize what little money a make by potentially alerting the IRS to my situation before I get my expenses and receipts together.

I’m confident I can “get right” with my tax situation – what’s my best course of action?

Thanks again for your time and interest.

Answer: The best thing to do now is to

1. Balance your books and get organized. you should have all your stuff together
2. Figure out your bottom line: How much income did you make
3. hire a prive tax consultant to do your taxes. Give him all your reciepts)
4. He can get them ready to file for when the time comes. His fee will be about 300 per return, but it will be well worth it as he will find awesome ways to save you money.

Temping vs. Interning: Which is Better for College Students?

In order to get necessary work experience, most college kids seek temporary agency jobs or internships. We talked with career experts to find out the pros and cons of each choice and what to expect.   

Self Employment Tax Tips : Tax Tips for Temp Employees

Mortgage fraud gets Orlando man 22 years in prison

Convicted once before in New York of mortgage fraud, Garry Martin moved to Orlando to bilk homeowners and banks out of more than $5 million in recent years, according to the U.S. Attorney’s Office. On Friday, U.S. District Judge Anne C. Conway sent Martin, 36, to federal prison until 2032 and ordered the real estate broker to pay more than $1 million to his victims, U.S. Attorney’s spokesman …

Income Tax Deadline Arrives Today

Question: how should I ask for an extension to the IRS? please?

ok so today is the 2th to last day for me to pay, but i don’t have money… and i don’t know what i have to do, to ask for an extension, i mean do i call, go online or write a letter. please respond fast
i don’t know what to do
im in california so if there a specific number i have to call or web address please tell me

Answer: You can request a 6 month extension by filing out form 4868 for the IRS. But you still have to pay taxes due by April 15. There will be penalties for underpaid taxes if the payment is sent in after April 15. You can pay by credit card.

Here is a link to California with info on state extensions:

http://www.ftb.ca.gov/individuals/faq/ivr/201.shtml

How to spot dubious Haiti charity pleas

The aftermath of Hurricane Katrina , which gutted much of New Orleans and the Gulf Coast in 2005, included thousands of Web sites making bogus appeals for disaster contributions.

Disinherit the IRS – Estate Planning