Thursday, August 30, 2007

UPDATE!!!

The "behind the times" State of California has been informed that I owe them no back taxes. Gotta wonder where they have been the last four years...

Stay tuned, I am sure they will not go quietly....
Guess what! It is audit season! To celebrate, please follow the below link... (hey, what would this blog be without some helpful info every now and then!)...

http://www.ibtimes.com/articles/20070830/irs-audit.htm

Tuesday, August 28, 2007

Is it not enough that the IRS saps the joy out of our monthly paychecks and keeps us in mortal fear the entire month of April but now, it wants a piece of our "emotional distress" too? So now we may be taxed for being miserable and professionally compromised?

Really? I mean REALLY?

Suppose your former employer pays you $70,000 for "emotional distress" and loss of reputation. Is it taxable?
That's the issue in a tax case that has attracted widespread attention over the past year. Although the courtroom battling isn't over yet, the latest verdict is: Yes, that award is fully taxable.



http://online.wsj.com/article/SB118808662850709014.html?mod=googlenews_wsj
Hey, I hate to pay taxes as much as the next guy but COME ON, did this guy really think he could get away with this? If the IRS managed to track me down to try to pressure $6000 out of me, I cannot believe this guy thought he could fly under the radar... or maybe he used my previous tax attorney... that would explain a lot...

Gene Haas, the 54-year-old owner of Oxnard-based Haas Automation and NASCAR's Haas CNC Racing, agreed to pay a fine, back taxes and interests totaling more than $70 million, the U.S. Attorney's office said.

http://sports.yahoo.com/nascar/news?slug=ap-nascar-haascharged&prov=ap&type=lgns

Wednesday, August 22, 2007

The IRS shatters yet another person's happiness... sigh, read on... if you can....

The 21-year-old New York man said Tuesday he had no choice but to sell the ball — several people told him he would be taxed on the souvenir just for holding on to it.
"It wasn't hard. It was simple math. I'm upset by the decision I had to make," Murphy said. "I wanted to keep it. I'm young. I don't have the bank account. ... It would have cost me a lot more to keep it."


http://sports.yahoo.com/mlb/news?slug=ap-bondsball082207&prov=yhoo&type=lgns

Thursday, August 16, 2007

So while the rest of us stress about taxes and the IRS, Hollywood tends to think such matters are beneath them. Who wants to worry about such a dry and boring things when there is a party at Hyde or LAX, or even better... strawberry blow!

Anyway, looks like the brilliant agents and managers in tinsel town have found a brilliant way to save their clients from that pesky problem of paying the IRS as much as usual... how about NO PAYCHECK! God, these people are just brilliant!

Here is a preview of Nikki Finke insights on Jim Carrey's latest movie deal:

Considering Jim's waning popularity, it's a big question mark whether Carrey can carry a comedy to $150 mil anymore. If he does, and the budget and marketing overages don't occur, and Jupiter aligns with Mars, then I'm told it's possible for the actor to make a phenomenal $78M. Also, the way this deal is structured, he'll pay less of it to the IRS. But why worry about Uncle Sam's tax bite before winning the lottery? Really, this could just turn out to be the worst talent deal ever in Hollywood.

http://www.deadlinehollywooddaily.com/exclusive-the-worst-talent-deal-ever/

Monday, August 13, 2007

So there I was enjoying a mellow Sunday, returning from a well-earned pedicure, and I decide to check my mail. That was my first mistake. The years of fighting my IRS audit/appeal/harassment should of taught me to never approach my mail box on the weekend. But truly, that is all behind me, right? I settled MONTHS ago with the IRS (hence this blog!)...

But no, the IRS henchmen have resurfaced! This time they are in the form of the State of California Franchise Tax Board who want over $1000 from me. Mother F***er! Don't they know who I am?! I am audit girl and this is not acceptable!

Okay, so after my outburst (sorry neighbor in #2 - who lives right by the mailboxes), I decided to read the letter.... here is my favorite part (there were so many, it was hard to pick just one!):

The adjustments on this notice are based on information provided to us by the Internal Revenue Service...

Well, you don't day, State of California Franchise Tax Board - by the way, just for kicks why don't I refer to you as SCFTB. That is fascinating, being that my IRS audit was settled in December 2006. It turns out that, and this may come as a shock... the SCFTB is a tad behind on its paperwork and is not completely up to speed on my case! Wow, who knew!

So this morning, I faxed yet another document to my rapidly aging tax lady. She chuckled when I called her about it so I am not sure if that is a good sign.

Meanwhile, in my haste to fax her, I accidently sent it to two of my co-workers' e-mails. How on earth could this happen? I mean REALLY, how does that happen??? Great question... who knows!

So, audit girl is on a new mission and the name of my pain is the SCFTB. Stay tuned.

Friday, August 10, 2007

So, you get audited and of course, you win, but you are T-I-R-E-D but feeling super that your audit is over. Little do you know, your IRS auditer who you thought was done ruining your life (at least for this year) is busy giving out his/her password to whoever asks (that slut!) and risking YOUR identity theft. Consider this the ultimate parting gift from the IRS. Whatever happened to the occasional gift bag?

Here are my favorite highlights to this article:

It's the third time since 2001 that IRS employees failed to protect passwords and follow security rules even after the agency provided extra training to workers to fix the problem.
"The corrective actions have not been effective," according to a report released by the Treasury Department in Washington, D.C.


"Employees either do not fully understand security requirements for password protection or do not place a sufficiently high priority on protecting taxpayer data in their day-to-day work."

"Despite repeated warnings, IRS workers continue to show reckless disregard for computer security," said Sen. Max Baucus, the Montana Democrat who heads the Senate Finance Committee.

"Continued failure in this area is leaving millions of American taxpayers vulnerable to identity theft and other fraudulent schemes."

http://seattletimes.nwsource.com/html/businesstechnology/2003820901_irssecurity04.html