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acpls4
New Member

I received an IRS bill , for my 2014 taxes stating that I owe over $7,000 because I didn't report all my income and I don't understand. Please advise me on my next step?

 
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7 Replies

I received an IRS bill , for my 2014 taxes stating that I owe over $7,000 because I didn't report all my income and I don't understand. Please advise me on my next step?

The letter from the IRS should tell you what income that you did not report.   If you agree that yiu did not report it then just pay the bill.  If you disagree, then  the letter should tell you how to dispute it.

What did the letter say?
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

I received an IRS bill , for my 2014 taxes stating that I owe over $7,000 because I didn't report all my income and I don't understand. Please advise me on my next step?

2014 seems to be a turbo tax screw up.  If you or your spouse had more than one job check your worksheets around page 82-88.  They put the wrong income on the wrong SS#'s which messed up your taxes.  This happened to many people who used turbo tax

I received an IRS bill , for my 2014 taxes stating that I owe over $7,000 because I didn't report all my income and I don't understand. Please advise me on my next step?

@mdurham001 - there are no known problems like that in 2014.  Most such errors are due to user error and not specifying which spouse the income is for when the interview asks you to choose the spouse that the income belongs to.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
acpls4
New Member

I received an IRS bill , for my 2014 taxes stating that I owe over $7,000 because I didn't report all my income and I don't understand. Please advise me on my next step?

I only have two incomes and I don't have a spouse so is it possible to have someone look at that tax year for me to see what the IRS adjusted on my 2014 taxes?

I received an IRS bill , for my 2014 taxes stating that I owe over $7,000 because I didn't report all my income and I don't understand. Please advise me on my next step?

Nobody can look at your tax return and the tax return will not tell you.  The IRS letter will.    Make sure that it is actually from the IRS.  There are a lot of scams and some are sending fake letters.  

The IRS will never require that you pay your taxes a certain way. For instance, require that you pay with a prepaid debit card or any specific type of tender.

See this IRS news letter:
  IRS Says be Alert for Tax Scams

Tax scammers work year-round; they don’t take the summer off. The IRS urges you to stay vigilant against calls from scammers impersonating the IRS. Here are several tips from the IRS to help you avoid being a victim:

Scams use scare tactics. These aggressive and sophisticated scammers try to scare people into making an immediate payment. They make threats, often threaten arrest or deportation, or they say they’ll take away your driver’s or professional license if you don’t pay. They may also leave “urgent” callback requests, sometimes through “robo-calls.” Emails will often contain a fake IRS document with a phone number or an email address for you to reply.

Scams spoof caller ID. Scammers often alter caller ID to make it look like the IRS or another agency is calling. The callers use IRS titles and fake badge numbers to appear legit. They may use online resources to get your name, address and other details about your life to make the call sound official.

Scams use phishing email and regular mail. Scammers copy official IRS letterhead to use in email or regular mail they send to victims. In another new variation, schemers provide an actual IRS address where they tell the victim to mail a receipt for the payment they make. This makes the scheme look official.

Scams cost victims over $38 million. The Treasury Inspector General for Tax Administration, or TIGTA, has received reports of more than one million contacts since October 2013. TIGTA is also aware of more than 6,700 victims who have collectively reported over $38 million in financial losses as a result of tax scams.
The real IRS will not:

The IRS will not call you about your tax bill without first sending you a bill in the mail.
Demand that you pay taxes and not allow you to question or appeal the amount that you owe.
Require that you pay your taxes a certain way. For instance, require that you pay with a prepaid debit card or any specific type of tender.
Ask for credit or debit card numbers over the phone.
Threaten to bring in police or other agencies to arrest you for not paying.
Threaten you with a lawsuit.
If you don’t owe taxes or have no reason to think that you do:

Do not provide any information to the caller. Hang up immediately.
Contact the Treasury Inspector General for Tax Administration. Use TIGTA’s “IRS Impersonation Scam Reporting” web page to report the incident.
You should also report it to the Federal Trade Commission. Use the “FTC Complaint Assistant” on FTC.gov. Please add "IRS Telephone Scam" in the notes.
If you know you owe, or think you may owe taxes call the IRS at 800-829-1040. IRS employees can help you if you do owe taxes.

IRS Tax Tips provide valuable information throughout the year. IRS.gov offers tax help and info on various topics including common tax scams, taxpayer rights and more.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
jamesfalk
New Member

I received an IRS bill , for my 2014 taxes stating that I owe over $7,000 because I didn't report all my income and I don't understand. Please advise me on my next step?

The IRS gets income reporting forms from many sources - banks, brokerages, businesses, government agencies, etc.  If you have already examined your return for forgotten income sources, including debt forgiveness and similar, your next move is to phone the IRS and ask them for help.  Once they tell you the source of your unreported income, you can contact the source directly for additional info.

I received an IRS bill , for my 2014 taxes stating that I owe over $7,000 because I didn't report all my income and I don't understand. Please advise me on my next step?

The letter, usually a CP2000, should clearly tell them the source of the income.  It should also have a number to call for more information.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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