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Revision as of 13:31, 12 November 2024
The IRS Reward Program pays whistleblowers millions for reporting tax evasion. The timing of the new IRS Whistleblower Reward Program could not necessarily better because we live in a period when many Americans are struggling financially. Unfortunately, 10% percent of companies and ndividuals are adding to our misery by skipping out on paying their share of taxes.
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Proceeds off of a refinance are not taxable income, that means you are examining approximately $100,000.00 of tax-free income. You've not sold family home energy kit (which can be taxable income).you've only refinanced it! Could most people live in such a amount dollars for in a year's time? You bet they could easily!
I then asked her to bring all the documents, past and present, regarding her finances sent by banks, and such. After another check which lasted for up to 50 % an hour I reported that she was currently receiving a pension from her late husband's employer which the taxman already knew about but she had failed to report that income in their tax version. She agreed.
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Identity Theft/Phishing. This isn't so much a tax reduction scam as a nightmare wherein identity thieves try get transfer pricing information from taxpayers by acting as IRS spies. Often they send out email as though they are from the Interest rates. The IRS never sends emails to taxpayers, so don't respond to the telltale emails. If you aren't sure, call the IRS and request if you have a problem. You are able to reach the irs at 800-829-1040.
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