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I just explained in detail but somehow lost you.

 
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  • Answered by:LEV
  • Tax Advisor
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Customer Question

I just explained in detail but somehow lost you.

Submitted: 347 days and 3 hours ago.
Category: Tax
Value: $47
Status: CLOSED

Accepted Answer

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Expert:  LEV replied 347 days and 3 hours ago.


LEV :

Hi and welcome to Just Answer!

LEV :

Unfortunately - There is no posting...
Please post again.

Customer :

The Tax Club has me in a bind. I've requested my 1040 return with attachments without results. I've spent 23,000. when I bought into 'Complete Online Biz.' and I was quickly maneuvered in joining the club for tax prep. and bookkeeping services. I don't know what they have done for me but the only reply was that I owe 2,600.00. I was assured of tax credits for my business which did not take off yet. I received very little assistance and I believe there is fraud involved.

Customer :

When can the conversation continue? I guess I pressed the wrong tab.

LEV :

If that is a fraud - you need to contact a local police.
For tax purposes - the loss may be deducted.

LEV :

I see your posing, Please continue the conversation.

Customer :

I called it fraud yes, but how can the police help from California? The Tax club is N.Y.C. So what should I do?

LEV :

When you deduct theft losses resulted by the fraud - in case of audit - you would need to provide a proof of the fraud. If you do not have any proof - your deduction might be disallowed. Thus - you need to need a police report as a proof - unless you may proof otherwise...

Customer :

It looks like a difficult thing--because they are clever. Because they won't disclose their work I have nothing to look at. I've requested an extend to file later.

LEV :

As I mentioned - if that is not a fraud - you may not claim a theft loss on your tax return.

Customer :

Well, I shall pursue this because they were very dishonest in their dealing. If there is nothing to hide, then I should receive the details. Thank you, perhaps we'll talk again.

LEV :

Please be sure to come back if needed.
If you feel that is a fraud - that might not be enough to proof your deduction...
I am trying to prevent some possible issues with the IRS.

Expert TypeTax Advisor
Category: Tax
Pos. Feedback: 99.2 %
Accepts: 16275
Answered: 4/29/2012

Experience: Taxes, Immigration, Labor Relations

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