Quote:
Originally Posted by LETIGRA
Been quiet here in this thread...
Update:
2013 taxes: I file an extension and pay but penalty is small and I thought I paid it. Has now grown to $1,200 and because it's been so long it's a treasury offset.
I get in touch with the IRS in Aug and paid it but still I am in the offset group. Also if you call Treasury Offset and they say "no debt" it likely means IRS.
I spoke with GCG lady thurs and told her that the people with offsets actually would like the money faster than those without offsets. She assures me sooner than later, and likely this month, and to call back thursday if still not there. "the doj simply has not released the money to us but I assure you you are in the first wave"
The IRS agent had visibility on the GCG/AP situation which is weird cause I am constantly amazed at what they know.
Be safe peeps. I had russ fox and reported fbar income/acct in 2011. I told my one friend who got a 7k return to wait for the irs to contact him. I told my other friend who got a 215k refund to contact a cpa now! Don't end up in jail like the full tilt guy with huge bankroll (btw anyone still have a link to that one?)
It's tricky because you ARE a victim of fraud yet that DEFINITELY is income but not normal income since you ARE a victim of fraud!
It’s not 100% income. You may have paid taxes on some of that income in prior years. Some of that is return of investment (if you were like me you got lots of reload bonuses during the party poker days)
definitely get in front of this though. Your final return won’t be due until sep of 2018 if you extend, butnits good to plan now
If you are going to have an extra 50,000 of taxable income,
Might be a good time to sell some stocks at a loss or other things of that nature.