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Cancellation of Debt - Fraudulent Account
Jul 21, 2015 - 4:30 PM - by julesa
I have a cancellation on an adjusted tax from a credit card that was based on fraud. I tried in the past (back in 2008) to tell the Credit Card company that this was a fraudulent account. The credit card company kept sending me just statements, no signature card or anything.

When I tried to dispute that with the IRS, the letter I get says I should contact the credit card company for a correction. I have about 2 weeks based on the time I get the letter from the IRS, which... [Read More]
In Office Examination Notice
Jul 15, 2015 - 6:22 PM - by eR1c
Hello,
This is my first post, am hoping someone with experience can help answer a few questions and maybe calm my nerves.

I recently received a notice in the mail requesting an in office examination of my 2013 taxes. It listed 3 areas to address, "Gifts to Charity/Cash Donations", "Home Business/Office" and "Capital Gains/Losses".

I called the IRS agent to confirm my meeting, and have gathered all the requested receipts and... [Read More]
Cancellation of debt - debt was from family business
Apr 07, 2015 - 2:26 PM - by nixadm
Hello,

We had a family business that went under, Unfortunately I was the one that had used my personal credit to get lines of credit and a business credit card that everyone used for materials/fuel etc.

After the business failed we still owed 25k on the card, I could not pay this so after many years of working with them I settled for less and slowly and painfully paid it off.

Now I get a large cancellation of debt and when I put it into my taxes it... [Read More]
Can I claim a child tax credit of previous year 2011 now in 2014, which I did not claim on 2011 as my son does not have ITIN
Mar 30, 2015 - 3:26 AM - by purilokesh
Can I claim a child tax credit of previous year 2011 now in 2014, which I did not claim on 2011 as my son does not have ITIN and applied first time in 2011.

I came here in US in Feb11th, 2011 and my wife and son joined me later on July 4th, 2011. My wife and I filed taxes, Married jointly as a resident aliens for 2011. My son is living with us here in USA from 2011.

His total days of presence in US for 2011 was 181 days.

When I filed a federal tax... [Read More]
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