Tax

Have a Tax Question? Ask a Tax Expert

Ask an Expert,
Get an Answer ASAP!

Tax
This answer was rated:

WHEN THE FTB AND IRS HAS LEVIED YOUR BANK ACCOUNTS AND THE

BANK HAS FORWARDED THE MONEY...
WHEN THE FTB AND IRS HAS LEVIED YOUR BANK ACCOUNTS AND THE BANK HAS FORWARDED THE MONEY TO THEM, HOW AND WHEN DO WE GET A STATEMENT OF WHERE OUR MONEY HAS GONE TO AND HOW IT WAS APPLIED. THIS HAS HAPPENED TWICE TO US, AND SINCE THEN WE FILED OUR BACK TAXES AND OWED NOTHING, AND ALSO RECEIVED REFUNDS ON THOSE YEARS FROM THE IRS..BUT STILL WHERE IS OUR MONEY AND CAN WE STILL GET IT BACK NOW..? HOW AND WHAT CAN I DO AS TO GETTING IT RETURNED ?
Show More
Show Less
Ask Your Own Tax Question
Answered in 19 hours by:
5/3/2010
BK-CPA
BK-CPA, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 933
Experience: Owner of a CPA firm
Verified

You can contact the IRS and request transcripts (phone, letter, problem resolution office, through your CPA or other tax professional with power of attorney). If you are due a refund, but the IRS hasn't or won't issue you one, despite all the necessary paper-work having been filed, you'll have to send a notice/explanation/proof to the IRS in order to get the refund. Normally, filing a return and/or a refund request will trigger the refund, but your situation is past that having already filed, received a refund, paid money, etc. etc.

 

This really sounds like something you should get some professional help for, if you haven't yet.



Edited by BK-CPA on 5/3/2010 at 4:30 PM EST
BK-CPA
BK-CPA, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 933
Experience: Owner of a CPA firm
Verified
BK-CPA and 87 other Tax Specialists are ready to help you
Ask your own question now
Customer reply replied 7 years ago
thank you . Now what about the FTB in California, do I do the same thing for them too ?

The FTB is the "Franchise Tax Board."

 

http://www.ftb.ca.gov/individuals/index.shtml

 

 

Any amounts they've taken have gone to CA and not the IRS. You would essentially go through the same process of figuring out where the money was applied (what tax form and year). After that you'll be able to get to the bottom of the situation.

Ask Your Own Tax Question
Ask BK-CPA Your Own Question
BK-CPA
BK-CPA
BK-CPA, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 933
933 Satisfied Customers
Experience: Owner of a CPA firm

BK-CPA is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,300 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,310 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

Robin D.

Robin D.

Senior Tax Advisor 4

13,695 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,651 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

R. Klein, EA

R. Klein, EA

Enrolled Agent

1,839 satisfied customers

Over 20 Years experience

< Previous | Next >

Related Tax Questions
Tax Question: Non-Resident Withholding Tax, Franchise Tax
Tax Question: Non-Resident Withholding Tax, Franchise Tax Board, CA HISTORY: 1. The property is in California 2. The owner resides in outside of California 3. Metro Property Management collects monthl… read more
abci168
abci168
Principal
27 satisfied customers
IRS Experts Corporation changed name. 2016 tax return has
IRS ExpertsCorporation changed name. 2016 tax return has been filed with a new name. Taxpayer recently received notice which has old name. How do we change the name with IRS?… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,463 satisfied customers
Senior citizen, with a new franchise tax board bill. How do
Senior citizen, with a new franchise tax board bill. How do I protest ? … read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,463 satisfied customers
What is a franchise tax. What is franchise tax and it taxed
Is there anything else the Accountant should be aware of?Customer: the home sold was inherented… read more
Chad CFP ®
Chad CFP ®
Certified Financial Planner(R), Pro
Master\u0027s Degree
723 satisfied customers
Does the california franchise tax board have any current or
does the california franchise tax board have any current or upcoming amnesty programs for limited liability companies … read more
abci168
abci168
Principal
27 satisfied customers
The CA franchise tax board call yesterday stating that I
The CA franchise tax board call yesterday stating that I didn't file my 2001 540 returns. I have been on a garnish plan with them since about 2014. I can't find that years forms. What can I do? … read more
abci168
abci168
Principal
27 satisfied customers
Was approved to file a 2016 Form 1065 (and K-1) by IRS.
Was approved to file a 2016 Form 1065 (and K-1) by IRS. However, there were no partners. There was just one person. Thus, the entire 2016 loss is allocable to that one person, since there are no other… read more
Chad CFP ®
Chad CFP ®
Certified Financial Planner(R), Pro
Master\u0027s Degree
723 satisfied customers
For a California trust's final return there will be unused
For Barbara: For a California trust's final return there will be unused capital losses left over. All the beneficiaries are California resident individuals. The trust is administering a decedent's est… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
What tax form is filed to report dividends paid by US Corp?
What tax form is filed to report dividends paid by a US Corp which is owned by a Canadian Corp? I think it might be 1042S. I want to know the rate of WH.… read more
abci168
abci168
Principal
27 satisfied customers
Can a C-Corp file a "final" return with the IRS if there are
Can a C-Corp file a "final" return with the IRS if there are no longer any business operations, but the company bank accounts remain open?… read more
taxmanrog
taxmanrog
Master\u0027s Degree
698 satisfied customers
I sent my out of state California excise franchise tax work
I sent my out of state California excise franchise tax work in but it never arrived … read more
James Daloisio
James Daloisio
Attorney
Doctoral Degree
56 satisfied customers
I started a California LLC in 2012, I have not filed a tax
I started a California LLC in 2012, I have not filed a tax return, didn't know I had to, and didn't pay an annual fee. I have only had a few thousand dollars in business, nothing the last two years. I… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,463 satisfied customers
Lev, where in the california return form 100s one report the
Good evening Lev, where in the california return form 100s one report the tax withholding from 1099k. Does this tax withholding flows through personal tax return or applies towards 100s estimated paym… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I am trying to find out if IRS and California Franchise Tax
I am trying to find out if IRS and California Franchise Tax liens have expired as well as a civil judgement … read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,463 satisfied customers
For 2015 the 5498 tax form was not filed with the IRS, but
Hi, for 2015 the 5498 tax form was not filed with the IRS, but the rollover has happened. Now the IRS is requiring us to pay taxes on the distributed amount. Is it sufficient to send them the 5498 for… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
13,695 satisfied customers
I was trying to file a delaware franchise tax return +
i was trying to file a delaware franchise tax return + annual report and I saw that the person filing the report does not have to provide any kind of authentication at the time of filing. Is this corr… read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor\u0027s Degree
1 satisfied customers
Are you familiar with California Franchise taxes and non
are you familiar with California Franchise taxes and non california S corps … read more
Dr Arthur Rubin
Dr Arthur Rubin
Doctoral Degree
24 satisfied customers
California Franchise Tax Board question My delaware
California Franchise Tax Board question My delaware corporation is registered with California as a foreign corporation. We had operation in 2015 in California but no longer doing it in 2016. What shou… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x