Article

2014-12-26 -Lurid Crime Tales-

IRS mistakenly penalizes Christine O'Donnell a second time

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Posted by Fred 2014-12-26 10:47|| || Front Page|| [9 views ] Top

#1 Something not quite right here:

1) 'house transaction' - gain on the sale of primary / secondary residence is exempt from tax ($250K single / $500K married), unless it's a rental property we're talking about.

2) A Notice of Intent to Levy is supposed to go out 30 days before the levy's enacted at the bank or employer (for a wage levy). No mention of that here.

2A) That does not mean the IRS won't levy - they'll do it anyways. I had an IRS guy do this to a client; I told the hack that the levy's void (not voidable, void) w/o that 30 day notice.

3) Where's her tax guy / lawyer in all this? The more complicated your return, the more likely need for pro representation.

4) 'Accounts'? That part is NOT a mistake.

I'll bet this is deliberate.

Posted by Raj 2014-12-26 11:46|| 2014-12-26 11:46|| Front Page Top

#2 She writes for the Wash Times and does not have a CPA watching the books ?

Posted by Besoeker 2014-12-26 11:49|| 2014-12-26 11:49|| Front Page Top

#3 5) A tax bill / Notice of Assessment would precede 2) and 2A). No mention of that, either.

Posted by Raj 2014-12-26 11:51|| 2014-12-26 11:51|| Front Page Top

#4 6) It's now December 26, 2014, and the only thing you have w/ the IRS for the 2013 tax year is an 'extension'? You don't file an 'extension' to pay taxes, you file an extension to give you more time to file a return. You do an installment agreement / payment plan to pay past due tax bills. Sheesh...

My conclusions, not mutually exclusive - O'Donnell's handling this tax stuff herself, and doing it poorly; and this reporter needs to get his or her head out of his or her ass and be a lot more accurate with what's been going on. This article generated more questions than it answered.

Posted by Raj 2014-12-26 12:08|| 2014-12-26 12:08|| Front Page Top

#5 If the IRS keeps this up, and she doesn't hire an accountant, she will be making a fashion statement verses a tax statement in 2015.

Posted by Threreling Spawn of the Slytherins3704 2014-12-26 13:21|| 2014-12-26 13:21|| Front Page Top

#6 Sounds like a BS PR move. Raj knows what he knows.

Posted by Shipman 2014-12-26 19:31|| 2014-12-26 19:31|| Front Page Top

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