The Tax Preparation Blog

Archive for the ‘Tax Preparation’ Category

Clark County business calendar

A weekly list of business related classes and events

All About Taxes – 2009 Tax Law Changes

Question: What explanation will help recover my late 2003 tax return from IRS’ Statute of Limitations 3-year-max-law?

My 2003 income tax was incomplete and needed to be filed by April 15th, 2007 but I didn’t get around to filing it until late May/early June because I didn’t have the fee for HR Block. IRS says I don’t owe(am due a refund) but that the Statute of Limitations Law allows me to file up to 3 years late, and I was 3 months over(so, they’re holding it)… I talked to an IRS attendant & she gave me the address to write to the IRS Service Center/collections. She suggests that I don’t just say that I forgot or that I didn’t know, b/c “ignorance of the law is no excuse”, as she stated. So now the IRS is holding my return money from that year, but I really need it asap. ARE THERE ANY EXCEPTIONS TO THAT LIMITATIONS LAW which I could use in my letter. It was an honest mistake but it doesn’t give them the right to keep my hard earned money. Some1 plz help ASAP. Maybe you know of the limitations laws and can enlighten me on what would possibly work?? Maybe my situation alone was good enough?

Answer: About the only way that anything would work, was if you were physically unable to file the 2003 within the 3 year deadline (you were in a coma, you were held hostage). Saying that you didn’t have the H&R Block fee is not good enough. I do know the limitations laws, and am sorry to have to inform you that you are out of luck with claiming the refund. The only way out that I can think of is if you had filed for an extension (and you would have had to file a 2nd extension as well) for the 2003 return. If you had filed an extension, that would have extended the filing of the 2003 return originally to August 15, 2004 (which considering that today is 8/23 you’d be out of luck), and if you had filed for a 2nd extension (giving 2 additional months) that would have extended the filing to October 15, 2004, which would extend the 3 years to file to October 15, 2007. If you didn’t file an extension or only filed the first extension, I’m sorry but you are out of luck totally, unless you were in the coma or held hostage for 3 years (maybe H&R Block held your return hostage until you paid them, but that doesn’t count).

PS, not sure what M is suggesting to write off for 2008 (should be 2007). If it’s the tax prep fee, that needs to be claimed on Schedule A – Itemized Deductions under miscellaneous deductions, and has to exceed 2% of AGI for the excess to be deductible. If M is suggesting to write off the lost refund, you can’t do that.

Diana Clement: Best not to bury head in the sand over tax

The IRD has teeth and isn’t afraid to bare them at ‘non-compliant’ taxpayers.The spectre of tax returns makes some people bury their heads in the sand. Thousands of them every year, in fact.With the end of the financial year having…

2009 tax changes brought to you by Corey & Associates Tax Accountant 305-823-9228

Calendar — Tuesday, March 29, 2011

The Organize for America training seminar at the Raleigh County Public Library today has been canceled. It will be rescheduled at a later date. For more information, call 304-252-5203 or 304-673-1663.

Raleigh NC Tax Preparation Expert and CPA Marc Gilfillan’s Tax Tips #4

Question: How to pay my personal property taxes online in the state of missouri?

i need help!!!!!

Answer: There is no single place to pay MO personal or real property taxes. They are collected by the individual counties (or the city in the case of KC and St Louis). Not all counties have on-line payment available. I live in Jasper County and they just started offering it within the past year or so but McDonald County still does not offer it. Hit your county tax collector’s website. There should be a link there for paying personal and real property taxes. There also should have been an insert in last year’s bill for how to pay on line if your county offered it.

If you can’t find a link on your County Tax Collector’s web page you’ll have to pay it in person.

Wood eager to serve fourth term

Harrisonville Mayor Kevin Wood looks through original minutes and ledgers from the city of Harrisonville stored in the Cass County Historical Society’s archives. Researching history is one of Wood’s hobbies.

Angela Basham on Personal Property Tax Pt. 1 at St. Louis Area Campaign for Liberty October 2009