As POA for my Mother, In May of 2011 I had to sell the final 80 acres of original homestead to cover my mothers Nursing home care. The property
was in my mothers' Trust. I had researched and seen the possibility of a one time waiver may be granted by the IRS
on Capital Gains
, so In July of 2011 I requested a one time waiver to capitol gains as the property has had inheritance taxes
etc.for several years, and also my mother was 96 yo.Neither myself or 5 siblings knew the original cost of the property, but research showed $50 to $60 per acre. Knowing that, I had a tax
person figure out what the capital gain would be close to, so that we could file Income
Tax as an estimate until we had an exact. On 30 March 2012 my Mother passed away-hence I was no longer POA but the tax estimate was sent in b4 16 Apr 2012 with an $80k check. IRS cashed the check but then sent a check back to us
. when we had an amt for original sale My Mothers final taxes were filed and the amt was $72,125.79 the check sent in by Trustee was $176. We have waited while IRS lost files-even when registered mail-now they are demanding an additional $20k+ failure to file $16,228.30 failure to pay: $2,524.40Interest
$1,949.83 by 30 Sept. 2013. I still have not heard from my July 2011 request.
what is our next step---I feel everything was done with information available.