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Jun 27 - ira mafia.......ruthlessly hunting down victims who allegedly owe as little as $5



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 1 month ago '09        #1
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messy marv stan  topics gone triple plat - Number 1 spot x88
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Jun 27 - ira mafia.......ruthlessly hunting down victims who allegedly owe as little as $5
 

 
visit this link https://www.cpapracticead .. ice-by-the-irs


image The IRS has begun mailing out CP14 notices to millions of taxpayers who have a balance of $5 or more in unpaid taxes, kindly reminding them that the federal government would like its money


“The IRS in not too active collecting immediately after tax season. After all, they have a lot to do. But come the end of June, into July, expect the IRS to start contacting you about any unpaid tax, or any questions they might have about matching information returns with tax returns,” Steven Leahy, a Chicago-area tax attorney, wrote last week on LinkedIn

“IRS Form CP14 is the first in a series of letters the IRS will send you if there is an unpaid balance for the last tax year. When asked, ‘What is the notice about?’ the IRS answers, ‘We sent you this notice because you owe money on unpaid taxes.’ If you receive IRS Notice CP14—read it carefully. The notice will tell you how much the IRS says you owe, when the IRS expects you to pay, and what to do if you disagree.”

The CP14, which is required by law to be issued within 60 days after the IRS a*sesses a tax liability, is the most common IRS notice sent to taxpayers, according to the Taxpayer Advocate Service, and requests payment within 21 days. The reason why taxpayers have a balance due can be related to a number of issues, such as failing to report some income or failing to pay a balance in full, Tiffany Gonzalez, CPA, CEO of Miami-based accounting firm Accounting to Scale, stated last week on LinkedIn.

“It’s always a scary feeling receiving a letter or notice from the IRS in the mail, but these shouldn’t go unnoticed and ignored,” said Mark Steber, chief tax information officer at Jackson Hewitt, in a press release. He added that if a taxpayer does not pay what is owed by the due date in the CP14 notice, interest will accrue and penalties will be a*sessed back to the due date of the tax return.

The IRS’s failure-to-pay penalty is 0.5 percent for each month or part of a month that the tax balance goes unpaid, up to a maximum of 25 percent of the remaining amount due. If the taxpayer does not pay the amount due within 60 days, the IRS will not be so kind—it can proceed with collection activity, including by levy or via the filing of a Notice of Federal Tax Lean.

The IRS could send taxpayers a series of reminder notices, known as the collection notice stream, to ask for payment before enforced collection starts.

“Just because you get a notice does not mean that you necessarily owe the additional amounts due shown by the IRS. A CP14 means that the IRS shows a balance due on a tax return,” Steven Weil, EA, president of Fort Lauderdale, Fla.-based firm RMS Accounting, wrote this past weekend on LinkedIn

“This could be due to a number of things, including missing payments or credits. Check the notice to see if it accounts for all the payment shown on your return. If for some reason a payment is missing, or was mis-posted by the IRS, you will need to provide proof of payment and a timely response to the IRS.”

Taxpayers who disagree with the notice should call the IRS at the toll-free number on the top right corner of their CP14 notice, the Taxpayer Advocate Service said. Those who object should have their paperwork—such as canceled checks and amended return—ready when they call.
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 1 month ago '20        #2
Xiox  topics gone triple plat - Number 1 spot x1
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I guess they don't really need that $78 billion to do their job
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Top 10 most propped recently  1 month ago '13        #3
THEDONN  topics gone triple plat - Number 1 spot x7
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fu*k the IRS and anybody down wit em

+7   

 1 month ago '17        #4
dubsax  topics gone triple plat - Number 1 spot x2
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the IRS is is so dysfunctional

I think it was 2015 I over payed by like 17k normally I under pay so I always have a slight bill at the end of the year.

That year they fu*ked up saying I owed 17k.
I showed them where they fu*ked up, they owed me and they sent me a letter that they were willing to settle for 7k

I legit told them that what they owed me amounts to a loan and I was charging them 5% per every year and sent that letter certified mail so I know who signed for it when and it was read. I said if they dont agree with the terms to send me a written response along to opt out with a payment
No response

They next year they said that total was now only 3k and they were willing to settle for that. I told them take me to collections, I have my paperwork still and I will see you in court.
Keep in mind I always make sure I owe at the end of the year normally only a few hundred but that year I moved some money around and took a withdrawal from my 403b and the taxes were withheld from vanguard. I showed them the paper work saying so. My account with Vanguard was correct in showing the right amount.

Still I get letters from them saying I owe them. The numbers vary each year between 1-4k. If you subtract what I owe them every year Its about 10k.


I dont really press it because I want them to try to serve me some sort of court notice. Because they never opted out of my terms. I gave them proof of their mistake and time to right it. I want to try to argue they owe me that 5% compounding interest.
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 1 month ago '09        #5
messy marv stan  topics gone triple plat - Number 1 spot x88 OP
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 Xiox said
I guess they don't really need that $78 billion to do their job

uncle sam wont miss $5 when the "official budget" is $5.8 trillion






The Biden administration released its budget request for fiscal year 2023 on March 28, 2022, calling for $5.8 trillion in federal spending and a $1.2 trillion deficit.

The president’s budget includes $1.6 trillion in discretionary spending, funding boosts for nearly every agency, and tax hikes for corporations and wealthy households


the alleged "tax hikes" will be extorted from the american people as usual
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 1 month ago '09        #6
slayer2020 
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Meanwhile sending money to Ukraine et al. Ugh
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 1 month ago '16        #7
Jiggy21 
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Slapped for the title!
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