I was given 10000 new cds by my father. I gave them all to
I was given 10000 new cds by my father. I gave them all to salvation army and they gave me a receipt and I am going to write off 50,000 dollars. Is there anything I am missing. It sounds too good to be true. I took a picture of all of them and of me standing next to them.
Vocational, Technical or Trade School
I received a letter from he IRS telling me I owed $538.00 on
I received a letter from he IRS telling me I owed $538.00 on 14 August2016. I replied by letter mailed 24 August with information as follows: "Due to my poor proof reading skills I entered a wrong Social Security Number on my return. I had called both the Virginia Tax office and the and the IRS after I found the error a day after I had mailed the return and found my error to ask them if I should mail an mended return and was told by both not to send an amended return as it would only confuse the offices. They were notified by pone and I have no record of the call. About two months ago The Virginia Tax office notified me that I owed taxes and I responded by telephone and by letter enclosing my true SSN along with my withholding statement, my Amended tax form and a cop of the front and back of the check for payment due with my return which was cashed but not credited to our account. The matter was closed to my satisfaction by Telephone in a matter of three days.I replied to the IRS in Kansas , MIS with same information to the IRS that provided to Virginia. That letter was mailed on 24 August. On September 15, 2016 I received a notice from the IRSi in Kanss City that I not only owed the $538.36 but it was due on 29 September and if it was not paid by then I would be subject to a federal tax lien proceedings .Iwas on vacation from September 16th to September 23rd and could not call the IRS Kansas City office yesterday due to high call volume an cannot call until Monday the25th.My real question is how can I find out if the ever received my first letter and what is thestatus of their investigation? Should I pay the amount and hope to get the money back if it is resolved n my favor?
JD, MBA, CFP, CRPS
I have drawn social security since I was 62. I have worked
I have drawn social security since I was 62. I have worked throughout that time but would like to know if I can get increased benefits now that I am fully retirement age (66). I do not make enough income to qualify to buy a home. I just sold my home so I could downsize and even with a sizeable down payment I cannot qualify for a loan. What can I do now?
I was receiving spousal benefits in 2015 and then switched
I was receiving spousal benefits in 2015 and then switched to my own benefits in Feb this year. I need the 109? form to complete my taxes for 2015. I have applied for itthrough a call to Soc Sec in Aug and failed attempts to access it online. Have received nothing. Need to complete my income tax for 2015 by Oct. 15, 2016. Can I just tell my cpa the amt that I received in 2015 or must I have the form?Thanks,S
Wow thank you. I opened up a bank account 10 years ago at a
Wow thank you. I opened up a bank account 10 years ago at a local credit union for my high school class reunion, along with another classmate. The minimum amount of $50 has been sitting in it since then just to keep it open. We collected money for that reunion ten years ago and used it for related expenses. Was I supposed to be worried about doing taxes for that account all these years?JA: It's hard to know for sure. The Accountant will figure it out.Customer: Your accountant? Or should I go talk to one locally?JA: The Accountant will know how to help. Is there anything else important you think the Accountant should know?Customer: OH I see. Well I'd like to start collecting registration fees and donations again but this time I'd like to know how the taxes, if any, work on this account. Thank you.
A certain taxpayer received a refund of 10,000.00 for a tax
A certain taxpayer received a refund of 10,000.00 for a tax year beyond the statute of limitation.. As per his calculation, this is erroneous refund. He returned the check. But the IRS sent it again. Then, he returned second time. Then IRS returned second time. He thought that he would not cash the check and kept it at home instead of tearing it. His wife accidentally cashed it. The check belongs to year four years back. Can the IRS demand the check if they come to know their error?