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#11 | |
restorer of the original
Join Date: Mar 2008
Location: Zionsville,PA
Moto: '93 ZR1100 &'73 Kawasaki H1 500
Posts: 1,331
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![]() I went over to that company and asked to talk to the CFO. I showed him the letter and explained although I worked there in 1976 & 1977, that was the last time I was employed by them. I told the CFO there was two ways to handle this situation.... 1) Pay me the $3800 the IRS said I made and I would take care of the IRS bill or 2) Straighten this out immediately and get the IRS off my back. He copied the letter and said he'd be in touch shortly. Two days later he called and said it was resolved. It seems a clerical error was made in book keeping and my SS# was assigned to a local minister who had worked there part time. The minister has the same first initial and the same last name . A week later I got a short letter from the IRS stating that it had been resolved. No explanation of how it was resolved but I didn't care since they were off my back. Good luck, you get to deal with real people now instead of heavy handed thugs like we had to deal with decades ago. ![]() Jeff |
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#12 |
SFL Expatriate #2
Join Date: Nov 2008
Location: Raleigh, NC
Moto: CBR1000
Posts: 2,043
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Good to hear the IRS has gotten soft in its older age!
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#13 | |
Follower
Join Date: Nov 2008
Posts: 5,549
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You'll have to come up with the basis and dates acquired to get it resolved. |
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#14 |
Custom User Title
![]() Join Date: Nov 2008
Location: Central NY
Moto: 2003 SV650S
Posts: 14,959
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yeah, imagine....
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__________________
I'm not "fat." I'm "Enlarged to show texture." Handle every stressful situation like a DOG: If you can't eat it or hump it, pi$$ on it & walk away. |
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#15 |
SFL Expatriate #2
Join Date: Nov 2008
Location: Raleigh, NC
Moto: CBR1000
Posts: 2,043
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Thanks man. I found a statement that lists it as "certificate withdrawn at par with no capital gain or loss". Sounds like what they're looking for? But I still don't understand how/why they caught this as income.
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#16 |
Moto GP Star
Join Date: Feb 2008
Posts: 12,156
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I don't get how people owe so much to the enlivenment. Do you not have taxes taken out of your checks? I consistently get $4-6K back form the IRS every year. Strange because I also end up owing my state a couple hundred.
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#17 |
Custom User Title
![]() Join Date: Nov 2008
Location: Central NY
Moto: 2003 SV650S
Posts: 14,959
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yes, taxes come out but it depends on the size of each check. If you get a large check at any point like a bonus or something it effs things up (at least it does in my case).
__________________
I'm not "fat." I'm "Enlarged to show texture." Handle every stressful situation like a DOG: If you can't eat it or hump it, pi$$ on it & walk away. |
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#18 | |
Moto GP Star
Join Date: Nov 2008
Posts: 11,022
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My side job doesnt take taxes out so thats upwards of 30k not being taxed so I nee dto get creative with the deductions. Tom |
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#19 |
Canyon Carver
Join Date: Nov 2008
Location: Portland, OR
Moto: MTA
Posts: 416
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There have been some reports out of the IRS that they will be doing heavy audits on people from years past due to budget shortcomings. They're doing everything they can to raise more cash.
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#20 | ||
Let's do another U-turn
Join Date: Feb 2008
Location: Indiana
Moto: 2009 V-Strom
Posts: 3,816
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Quote:
Another big reason is if someone is a general contractor. They get paid straight up, with no taxes withheld. It is their personal responsibility to pay estimated taxes. If they don't calculate correctly, they end up owing a large chunk at the end of the year. Yep. The IRS is hiring revenue officers as we speak. They hired some several months ago and have another job posting that closes in a few days. |
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