Oh, ya gotta love the IRS. We have several in Government who made a "mistake" and still get nominated. Hey Rangel? Your azz in jail yet?
Now, the rest of the story.
I have been fighting the IRS for just about one year. Oh, the threatening letters. Your accounts, your home..blah..blah.
My accountant has been handling this as my power of attorney and I took my case to a Tax Advocate. The deductions in question were allowed for the past 20 years but a "special" tax audit team is in place picking on the transportation industry. Gotta fund those Social Programs ya know.
Seems the IRS is now considering a few select deductions as "gray area's" in the tax code. It's black and white but they don't read it the way my account does. <-read that again please.
I had one more option left which was another $1000.00 to hire a Tax Attorney. There were no guarantees of victory however but would only increase my total expense. My account told me the Advocate made the comment if going to court we "might audit other years". This is on tape.
Another facet of this audit is that one employee's case was dropped. Why I asked? Well, since this person is no longer employed (at my company) they dropped the case.
Wait just a **** minute here! Does this relieve him of his tax liability for 2006?
Yeah, guess so was the reply. (unbelievable)
I had to settle the case. No since rolling the dice with the threats made to me huh? I cut a check for $4430.50 to settle with the IRS.
Hey Rangel and Timothy Geithner! I had to pay interest and penalties. Guess your above it huh?
I sat down this week and completely reorganized my finances. I cashed out some investments, paid off all debt and IRS for the total amount of $14,792.20.
I put $10,000.00 back in savings, changed my deductions to married and four and will pay the least tax possible. I will cut my income down drastically and basically sit on my azz until I retire in two years.
There is just no motivation to succeed only to move back wards especially in Obobo land. Who knows, maybe there is some "welfare" plan I can qualify for?
You can bet I'll be looking.
r8
Now, the rest of the story.
I have been fighting the IRS for just about one year. Oh, the threatening letters. Your accounts, your home..blah..blah.
My accountant has been handling this as my power of attorney and I took my case to a Tax Advocate. The deductions in question were allowed for the past 20 years but a "special" tax audit team is in place picking on the transportation industry. Gotta fund those Social Programs ya know.
Seems the IRS is now considering a few select deductions as "gray area's" in the tax code. It's black and white but they don't read it the way my account does. <-read that again please.
I had one more option left which was another $1000.00 to hire a Tax Attorney. There were no guarantees of victory however but would only increase my total expense. My account told me the Advocate made the comment if going to court we "might audit other years". This is on tape.
Another facet of this audit is that one employee's case was dropped. Why I asked? Well, since this person is no longer employed (at my company) they dropped the case.
Wait just a **** minute here! Does this relieve him of his tax liability for 2006?
Yeah, guess so was the reply. (unbelievable)
I had to settle the case. No since rolling the dice with the threats made to me huh? I cut a check for $4430.50 to settle with the IRS.
Hey Rangel and Timothy Geithner! I had to pay interest and penalties. Guess your above it huh?
I sat down this week and completely reorganized my finances. I cashed out some investments, paid off all debt and IRS for the total amount of $14,792.20.
I put $10,000.00 back in savings, changed my deductions to married and four and will pay the least tax possible. I will cut my income down drastically and basically sit on my azz until I retire in two years.
There is just no motivation to succeed only to move back wards especially in Obobo land. Who knows, maybe there is some "welfare" plan I can qualify for?
You can bet I'll be looking.
r8