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To: napscoordinator
If you owe the IRS, they tack on 8 percent interest and sometimes you don’t know for years. I certainly hope they add some interest to his money. (I know dream on).

When the IRS audited my MIL's estate tax return last year, they wanted about $4K for "Gift taxes from the 1960's". That's exactly how the explanation read, with no further details. How the heck is someone supposed to fight them over something that vague?

11 posted on 02/20/2016 11:56:02 AM PST by Cementjungle
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To: Cementjungle

The IRS sucks big time. I hate that agency more then any other. If one of our candidates ran on getting rid of IRS and really mean it, I can see them doing well. Right now nobody has that as a priority. They may discuss it but it is not in the top 3. I know we have other huge problems but I hate the IRS so much.


13 posted on 02/20/2016 11:58:44 AM PST by napscoordinator
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To: Cementjungle
I am not a tax expert, but if I remember correctly, seven years of retention is the he max needed for anything unless the IRS suspects fraudulent activity. Considering the suspect is dead (if fraud is the concern), that's a stretch at best. Esp for only $4K....WTF status.

My guess is you got a noob agent fishing, and would he mind respectfully checking with his boss on this, or I would get a tax attorney, and have them fight this on your behalf.

22 posted on 02/20/2016 12:12:04 PM PST by catfish1957 (I display the Confederate Battle Flag with pride in honor of my brave ancestors who fought w/ valor)
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