Patty's Income Tax

Located in Torrance, California

Wesley Snipes no puede ser la persona que inventó esta regla fiscal, pero es sin duda el ejemplo más conocido de ella. Se trata de la diferencia entre saltar de impuestos limaduras-no es recomendable y presentación falsamente, lo que es aún peor. En el período previo al 15 de abril, el IRS y el Departamento de Justicia quieren que usted piense sobre las declaraciones de impuestos. Es por eso que hay tantos casos de impuestos penal en los medios de comunicación esta época del ...Continue reading

I received a phone call last week from the niece of a client who works as a waitress with an annual income of $18,000. Not able to afford professional tax preparation services, she had gone to the library to do her own taxes on the IRS Free File System. Really simple return. Single, no dependents, one W2. Files it electronically. Takes five minutes to file. Then three weeks later she gets a letter from the IRS asking her to complete IRS Form 8962 Premium Tax Credit. She atte...Continue reading

Some home buyers should brace themselves for sticker shock: not from the price of the house, but from the property-taxes they’ll pay when the deal closes. Property taxes on a home valued at $420,200, the cities median home value, will set a California homeowner back $3,301 a year, according to Smart Asset analysis, based on Census Bureau data on rates and median home values. When lenders calculate the monthly mortgage payment to determine a borrower’s ability to pay, they inc...lude not just principal and interest, but also property taxes and homeowners’ insurance prorated across 12 months. For jumbo mortgagesthose above government-backed loan limits of $420,200 in most areas and $1.15 Million in some high-priced placesproperty taxes can be a hefty addition to monthly payments, says John Walsh, CEO of Milford, Total Mortgage Services. The amount of taxes can have a huge impact on your buying power and your ability to qualify, Mr. Walsh says. People are very worried about interest rates but forget about taxes. Borrowers who are self-employed or who can’t document a regular stream of income (even if they have substantial assets) may be particularly vulnerable, says Victor Ciardelli, CEO of Guaranteed Rate. If property taxes put a borrower’s debt-to-income ratio above lender-acceptable levels, usually 43% for jumbo mortgages, a borrower may still qualify but have to make a higher down payment, he adds. Rates can vary widely locally by counties and municipalities within a state, says Jill Gonzalez, a WalletHub analyst. Source: Wall Street Journal

The roughly 8 million Americans who live abroad automatically get a couple additional months each year to file their taxes. Don’t expect them to be grateful. Filing to the Internal Revenue Service from overseas is more confusing, complicated, and expensive than it is for Americans at home (and that's saying something). Unlike almost every other country in the world, the U.S. demands its citizens pay taxes on all foreign income. They must file even if they have lived and worke...Continue reading

The sigh of relief a business owner heaves after filing an income tax return may be quickly followed by an unsettling thought: What if I'm audited? Owners dread an audit not just because they might get a big bill for unpaid taxes, interest and penalties. Audits can also be time-consuming and expensive, in some cases lasting months or even years, distracting owners from running their companies and requiring them to pay accountants or lawyers to deal with the government. But co...Continue reading

IRS Hacked... Again! http://www.pattysincometax.com/irs-hacked-again/ It ain’t easy being an American taxpayer. The US Internal Revenue Service said last week that the number of records it lost in a 2015 data breach is higher than it previously thought. When the agency first announced in May 2015 that hackers had broken into its website and stolen tax transcripts, it said that about 100,000 people were affected. It bumped that number up to 334,000 last August, and now says th...Continue reading

Identificación víctima de robo: IRS logrado 10 banderas rojas en la declaración de impuestos falsa http://www.pattysincometax.com/sin-auditoria-ordinaria-don/ Camp Hill, Pa (WHTM) - Lynda Gilfert de Hampden Township está en incredulidad sobre lo que recibió del IRS. En 2014, se robaron las identidades del Gilferts '. Alguien presentó una declaración de impuestos falsa, literalmente, compuesta por los números y robó su reembolso. Lynda quería ver la evidencia.... "Estoy enojado porque el gobierno está perdiendo dinero el envío de personas reembolsos que no merecen ellos, ni siquiera derecho a ellos", dijo. "Estoy enojado porque tenía que perder el tiempo, tomar tiempo de mi vida para tratar de corregirlo." El IRS dio a los ladrones más de $ 7,500, depositado directamente en una cuenta bancaria real. Lo peor es las señales de alerta en todo el retorno falso que el IRS no captó, 10 banderas rojas en absoluto; información que no coincide con las declaraciones anteriores del Gilferts '. Los ladrones afirmaron dos excepciones en lugar de tres, utilizan la dirección incorrecta, los ingresos de $ 69.850 no era ni de lejos, y había una deducción IRA casi $ 6,000 los Gilferts nunca han tenido. También afirmaron deducciones detalladas de más de $ 30,000, no sólo una señal de alerta, pero algo que podría desencadenar una auditoría sobre la base de los ingresos. Gilfert dijo que los ladrones también dieron empleos equivocadas; ella no es un terapeuta de masaje y su marido no es un asesor financiero. También afirmaron altos gastos médicos, casi $ 19.000 en interés de la hipoteca, y siempre sólo una W-2 a pesar de que el retorno muestra dos personas que trabajan. Aún más exasperante para Gilfert es la copia de la declaración falsa se solicitó del IRS. La agencia de información redactado del ladrón. ¿Cómo pudo pasar esto? ¿Por qué no el IRS en el clavo 10 errores nos señas en cuestión de minutos? "¿Cuánto dinero es el gobierno va a dar antes de que se da cuenta de cómo parar esto?", Dijo Gilfert. En 2013, el IRS regaló $ 6 mil millones en reembolsos de impuestos falsas. Esa es su dinero que va a los criminales. El Gilferts finalmente lo hizo obtener su reembolso de impuestos, pero tardó meses, un montón de llamadas telefónicas, y una gran cantidad de trámites burocráticos. El IRS está tratando de prevenir más casos de fraude. Ahora se da un PIN, pero sólo a las víctimas de fraude de identidad y residentes en ciertos estados.

IRS says thieves stole tax info from additional 220,000 http://www.pattysincometax.com/irs-says-thieves-stole-tax-/ A computer breach at the IRS in which thieves stole tax information from thousands of taxpayers is much bigger than the agency originally disclosed. An additional 220,000 potential victims had information stolen from an IRS website as part of a sophisticated scheme to use stolen identities to claim fraudulent tax refunds, the IRS said Monday. The revelation mor...e than doubles the total number of potential victims, to 334,000. The tax agency first disclosed the breach in May. The thieves accessed a system called "Get Transcript," where taxpayers can get tax returns and other filings from previous years. In order to access the information, the thieves cleared a security screen that required knowledge about the taxpayer, including Social Security number, date of birth, tax filing status and street address, the IRS said. IRS hit by cyberattack, taxpayer information stolen The personal information was presumably stolen from other sources. The IRS believes the thieves were accessing the IRS website to get even more information about the taxpayers, which could help them claim fraudulent tax refunds in the future. "As it did in May, the IRS is moving aggressively to protect taxpayers whose account information may have been accessed," the IRS said in a statement. "The IRS will begin mailing letters in the next few days to about 220,000 taxpayers where there were instances of possible or potential access to `Get Transcript' taxpayer account information." In all, the thieves used personal information from about 610,000 taxpayers in an effort to access old tax returns. They were successful in getting information from about 334,000 taxpayers. The IRS said it is notifying all potential victims and offering free credit monitoring services. The IRS is also offering to enroll potential victims in a program that assigns them a special ID number that they must use to file their tax returns. The IRS believes the thieves started targeting the website in February. The website was shut down in May. On Monday, the IRS did not identify a potential source of the crime. But in May, officials said IRS investigators believe the identity thieves are part of a sophisticated criminal operation based in Russia. It wouldn't be the first time the IRS has been targeted by identity thieves based overseas. In 2012, the IRS sent a total of 655 tax refunds to a single address in Lithuania, and 343 refunds went to a lone address in Shanghai, according to a report by the agency's inspector general. The IRS has since added safeguards to prevent similar schemes, but the criminals are innovating as well. The IRS estimates it paid out $5.8 billion in fraudulent refunds to identity thieves in 2013. Source: Associate Press

Are You "Friends" With The IRS? http://www.pattysincometax.com/are-you-friends-with-the-irs/ How many people like the IRS? According to Facebook, it's more than 50,000! If you regularly use social media outlets to stay in touch with friends and follow people or businesses that you find interesting and relevant, consider adding the Internal Revenue Service as part of your social media interaction. Not everyone is comfortable with contacting the IRS on social media, but conside...Continue reading

2016 Información Fiscal http://www.pattysincometax.com/2016-informacion-fiscal/ 2016 Información Fiscal El Servicio de Impuestos Internos anunció que 2.016 temporada de declaración de impuestos sobre la renta individual de la nación abre 19 de enero, con más de 150 millones de declaraciones de impuestos que se espera que se presente este año.... La gente va a tener varios días adicionales para presentar sus declaraciones de impuestos de este año. Los contribuyentes tienen hasta el lunes, 18 de abril para presentar sus declaraciones de impuestos de 2015 y pagar cualquier impuesto adeudado por el feriado del Día de la Emancipación en Washington, DC, cayendo el viernes, 15 de abril de Contribuyentes en Maine y Massachusetts tendrá hasta el martes, 19 de abril debido a las celebraciones del Día del Patriota, el 18 de abril. Informacion en Espanol > El IRS espera que más de 70% de los contribuyentes para recibir nuevamente la devolución de impuestos de este año. El año pasado, el IRS emitió 109 millones de reembolsos, con un reembolso promedio de $ 2.797. El IRS anima a los contribuyentes a planificar el futuro y aprovechar los recursos en línea disponibles en IRS.gov. "IRS.gov es el mejor lugar para que los contribuyentes van para obtener información sobre la presentación de sus declaraciones de impuestos de este año", dijo Koskinen. "Aunque vamos a tener más personas dotación de personal de nuestras líneas telefónicas de este año, esperamos que esas líneas se mantengan ocupados, así que animar a la gente a visitar la web por primera vez como la forma más rápida y más fácil de conseguir ayuda."