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Recent Internal Revenue Service questions

I run a publicly supported 501c3 and am in ill health. Let's

I run a publicly supported 501c3 and am in ill health. Let's say we don't want to have it continued at the cost of $5,000 per year in comptroller costs but just to close the IRS organization and deposit the money in a bank account undertaking our own expenditures responsibility in the charitable use of remaining funds but not claiming an IRS and not soliciting new funds. Just using up what had been charitably raised for charitable purposes. Would IRS mind this?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

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I have tax question, Michigan, I file my taxes with

I have tax questionJA: What state are you in? It matters because laws vary by location.Customer: MichiganJA: Has anything been filed or reported?Customer: I file my taxes with accountant. I have personal and corporate tax. I went to my accountant on March 8th and filled both. at the end of the April I've got letter from IRS that I owe penalty of $700, becaquse my corporate tax was received late. I went to my accountant and she said she filled personal electronically( she has conformation) and corporate tax she filed by mail. she has no roof of mailing it on time.JA: Anything else you want the lawyer to know before I connect you?Customer: I don't feel responsible to pay this penalty. I believe this is accountant responsibility, because she is the one who supposed to mail corporate return.

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,706 satisfied customers
Irs say I owe them money after a tax audit for 2014 because

irs say I owe them money after a tax audit for 2014 because i claim education credits. I use that form that the school gives out every tax season to file. The want to penalize me 1700$ because they claim that the money did not come out of my pockets since the military pays for my tuition but am obliged to pay him back if i fail the course.what do i do? also, they keep sending my irs letters to the old adress that is on the irs form from long time ago. I wrote a letter to tell them my new adress but haven't heard from them since.

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Dr. Fiona Chen

President

Ph.D.

552 satisfied customers
I'm confused whether to fill form W-9 or W-8BEN. I am

I'm confused whether to fill form W-9 or W-8BEN. I am working and living in the US, and have an SSN. However, I'm not a US citizen or US resident (since I don't meet the Green Card test or the Substantial Presence test).

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ABC Accounting Group

Bachelor's Degree

192 satisfied customers
We are a 501c3 charity, we are in need of a building to use,

We are a 501c3 charity, we are in need of a building to use, a business has donated the use of it's building for 1 year... Can the business claim this donation as a credit on his taxes.

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Christopher B, Esq.

Attorney

Juris Doctor

5,330 satisfied customers
I am helping a friend to obtain a EIN number to his

Hi,I am helping a friend to obtain a EIN number to his corporation. My friend is the CEO but he is a foreign person without a SSN. Therefore, we wont be able to apply for the EIN online.Form reading several posts online, I understand that my foreign will have to fill out Form SS4 and designate a lawyer or a CPA (or a business lawyer" ) as a "Third Party Designee".My question is how the lawyer or CPA will fill out the POA (Form 2848) if my foreign doesn't have a SSN?Could you please help.Thanks!

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Dr. Fiona Chen

President

Ph.D.

552 satisfied customers
QUESTION FOR JD, LANE--PLEASE HOLD FOR HIM Some months ago I

QUESTION FOR JD, LANE--PLEASE HOLD FOR HIMSome months ago I had a series of questions about a gentleman in California who had millions in trusts and also had been given un-collectible status. You did a great job on answering my questions.My client now has been assigned a RO (Revenue Officer) . Client reported he was renting and his rental address. RO found in TRW report that he was paying on a mortgage at that location. Client had reported he did not own. RO did a property search and found he is a possible owner for that and another property. The RO asked for documents to support his statement that he was renting and did not own. If such documentation is not received by Sep 10, the RO will summons mortgage companies for information and will being the process of levying his bank account. This is from RO letter that she faxed me a copy of.I have been handling this cycle under the mentorship of a consulting EA who I have been paying to consult and who was a RO herself for many years overseeing large collections like this. My mentor suggest I do a courthouse records check. How do I do one?It is my view that if he really owns these properties personally, the value of these properties is probably forfeit. They are levyable. Do you agree with this summation?My mentor immediately distanced herself from this cycle,"Circular 230 prohibits you from speaking with someone other than your Form 2848 client in regards ***** ***** tax issues.I personally would not/will not Rep someone who has willfully withheld pertinent information from me let alone from the IRS. This appears to be the case. therefore I am respectfully ***** ***** assist with this case moving forward."I do not know of anything in circular 230 that prohibits me from asking assistance of a fellow EA in my employ. I do hold a 2848 POA. My mentor had no resistance to assisting me before. I also have authority to add a representative on 2848, as I put it there when the client signed. That being said-- Is there some real prohibition on me asking a fellow EA for advice or consultation, even if they are not repping the client???? ...,Is it wrong for me to ask an EA more experienced in this areas for advice? Is this really a circular 230 violation?To me, my mentor does not want to have anything to do with this client, and is distancing herself. Do you think it would be wise for me to emulate her and terminate my relationship with client? ....If I am honestly trying to help my client and am honest, am I putting myself at risk by dealing with a possibly sleazy client? I have been scrupulously honest so far.My thought is I should find out from client first if he really owns these properties, or if they are trust assets. Do you agree?If he says he does not own them, he needs to provide proof. I should also do a search of courthouse records. Do you agree?If he DOES own them personally, what would you recommend?I can continue to rep him and insist e comes clean with everything and meet all requirements set forth by RO.OR I can tell him he needs to do that, but I am no longer repping him as he withheld data from me and IRS.What are your thoughts/reocmmendations on this?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,706 satisfied customers
I need to get a copy of my form 4361to confirm that I filed

I need to get a copy of my form 4361to confirm that I filed it.JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: How can I get confirmation that I filled this form 4361. My tax accountant is new to me and I need to have a confirmed formJA: Is there anything else the Accountant should be aware of?Customer: Not that I know of.

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,706 satisfied customers
Where do I have to send form 8009-A to IRS? I sent BOTH FORM

Where do I have to send form 8009-A to IRS?I sent BOTH FORM W-7 AND 1040X to IRS TO IRS (ITIN Operation P.O. Box 149342 Austin, TX###-##-#### based on FORM W-7 instruction.And then I received ITIN AND 1040X with form 8009-A. FORM 8009-A requests a form and schedule related to EIC.In this case, do I have to mail FORM 8009-A and 1040X to IRS (ITIN Operation P.O. Box 149342 Austin, TX###-##-#### or IRS (Kansas City, MO###-##-####according to 1040X instruction)The 8009-A did not come with an envelope with a pre-printed address. It seems that w7 process is done and 1040x process seems to be working.Thanks

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ABC Accounting Group

Bachelor's Degree

192 satisfied customers
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