asked
I received a letter from the IRS indicating that someone had filed a Form 1040EZ in my name, and I confirmed with the IRS that I did not file this return. I have taken steps to notify the FTC and credit bureaus. My question is about Form 14039, the Identity Theft Affidavit from the IRS. The instructions for Form 14039 indicate that it should be filed with a paper copy of my tax return if I've been advised that I cannot file electronically due to SSN misuse, and separately if I received a notice from the IRS. However, it doesn't explain what to do if I received a notice and was told I can't file electronically. Should I file the affidavit with the paper copy of my return, considering I already notified the IRS by phone that they should not process the suspicious return?
July 24th, 2023
I just received my tax refund and it was reduced with the IRS code 896 I/B D Overpayment Credit Offset. What does this mean, and how can I find out what the offset was for if I don't know of any IRS debts?
September 19th, 2024
Can the IRS make you pay taxes older than 10 years, and if so, must they lift liens and unfreeze a passport after paying back taxes from 2005 and 2006?
May 29th, 2023
Is my social security application being processed? I received a letter from SSA saying they recognized the right to log on to the "My Account" location on the Social Security application. But I have received no confirmation that I am being processed to start collecting social benefits.
August 20th, 2024
I am beginning a new LLC partnership in San Diego, California, and one of the partners has a personal tax situation. What are the potential negative consequences for both partners if the IRS decides to seek retribution through the LLC for the partner with the tax issue? Additionally, what precautions should be taken, and is there a significant risk factor for one partner over the other when executing the LLC papers?
June 1st, 2024
I have a retirement savings account at a German Bank with a 25-year contract, contributing 150 Euros monthly. The account offers increasing annual premiums and an interest rate of about 1%. I am currently in year 6. Should I pay tax annually on the gains or can I let the account grow tax-deferred until year 25?
January 19th, 2024