GravitySucks
Thinks s/he gets paid by the post
Remember to bring Walmart gift cards to pay what you owe.
That's what the phone call I got told me I had to do.
That's what the phone call I got told me I had to do.
The three properties they are looking at had just been purchased and were previously vacant, so there was little rental revenue from them that year.
And my depreciation/losses did offset my earned wages, to the point that all my federal tax withholdings were refunded. So that definitely could have been a trigger, albeit one I couldn't have avoided.
Have a few iTunes cards you leave in the car, as backup. Only give them if they ask.Remember to bring Walmart gift cards to pay what you owe.
That's what the phone call I got told me I had to do.
Have a few iTunes cards you leave in the car, as backup. Only give them if they ask.
Seriously... OP: hope things work out OK for you and you can laugh about this later.
Remember to bring Walmart gift cards to pay what you owe.
That's what the phone call I got told me I had to do.
Ah, but leverage is a wonderful thing if done correctly, and much of the net income can be sheltered via depreciation.
The three properties they are looking at had just been purchased and were previously vacant, so there was little rental revenue from them that year.
And my depreciation/losses did offset my earned wages, to the point that all my federal tax withholdings were refunded. So that definitely could have been a trigger, albeit one I couldn't have avoided.
Repairs prior to renting get added to the basis, not expenses. That is what they want to know. The dates of the receipts vs. The rental dates.
There is a $25,000 loss limit against your income.
In all seriousness, this scam is making a lot of money, even though they have the incredible issue of 99.2% of the calls not being understandable. The word is that the call is about a problem with immigration status. It hits a nerve on a lot of victims and is very successful.Come to think of it, is it possible that the IRS now has agents of Chinese origin, and they do not speak English?
...
I am worried now, not knowing what she wanted from me in order to comply.
In all seriousness, this scam is making a lot of money, even though they have the incredible issue of 99.2% of the calls not being understandable. The word is that the call is about a problem with immigration status. It hits a nerve on a lot of victims and is very successful.
In a public service announcement released Thursday, the FBI’s Internet Crime Complaint Center reports that victims have reported receiving phone calls and text messages from people speaking in a Chinese-dialect claiming to be from the Chinese embassy, consulate or a shipping company.
The scammers often tell victims they have a package waiting for them at the embassy, and that they are under investigation by Chinese law enforcement. From there, the victim is transferred to an “investigator,” who tells the victim they need to send money to China or Hong Kong to resolve the situation. Other versions of the scam involves callers posing as representatives from Chinese credit card companies and demanding payment on an outstanding balance, otherwise they say the police will be called.
Much to my surprise, in about 5 minutes, I had an IRS rep on the phone who spoke perfect English, was very professional and polite and knew her stuff. After putting me on hold a couple times to research things for just a few mins, she came back and said that the only difference in the last two was the late penalty of $791. I told her that I Was certain that we were not late, and could go find out signed an dated return for that year if needed. She said that the system she used had a function to see if the penalty could be waived, and she would try it. Then she said "Yep! It says you have a good record of compliance" and the penalty would be removed. In 4-6 weeks a check for $5100 would be sent (nad our trip to Ireland next year is now funded).
I was pretty amazed at my experience with the IRS anyway. Lessons learned....
The IRS (really the whole U.S. Gov't) doesn't outsource much, if any, work to foreign companies. It's a bad look for them to be spending taxpayer money to provide jobs overseas, not to mention the security issues. So when you call, you're always speaking to a fellow American and odds are it'll be one who has English as her native language...
I was joking earlier about Chinese scammers.