Leaderboard

I'm not sure what you mean. IRS was very lenient allowing the taxpayer to work out his problems, but did that somehow make the problems worse? Trust Fund is a hard debt to clear. Reasonable cause doesn't usually apply, because the IRS won't believe the taxpayer's circumstances prevented payment. The IRS position is that the taxpayer HAD the money in hand, having actually withheld it from paychecks, but chose to spend it on something else. So you don't get much sympathy. Including it in a compromise is possible but difficult. Since payroll taxes are assessed quarterly, you must carefully allocate the debt to each period. I would recommend negotiations be handled by an experienced practitioner.

Obamacare Navigators Won’t Have to Pass Background Checks It is called the Federal Data Hub. Massive amounts of information gathered on every American are shared between government agencies; agencies ranging from the Internal Revenue Service (IRS) to the Department of Defense (DoD), Homeland Security (DHS) and Health and Human Services (HHS). The best part there is no opting out. So who all has access to this information and the bigger question does private information even exist anymore? The step toward truth is to inform. There is as we speak an army of new federal government employees being hired by the department of Health and Human Services. Why does HHS need all these new employees? The answer is simple, the massive new healthcare law, The Affordable Care Act is behind schedule and the Feds need to start signing Americans up for the health care exchanges as quickly as possible. So what kind of information is going to be collected? When individuals sign up for federal insurance exchanges, they are required to enter their personal information into a new Federal Data Hub. We are talking about information like medical records, Social Security numbers, tax information, and bank account information. This is done by allowing seven government agencies, including the IRS, Department of Justice, Social Security Administration and others, to share and verify information in order to determine eligibility for an insurance subsidy. In short, basically everything about you will be shared among multiple agencies. Remember, no actual agency can see or access any information. People working in those agencies do. So who, specifically, will be able to access this information? They are called Navigators. Men and women who are being hired to work for between $20 and $48 dollars an hour. Sounds like specialized work that will require highly trained individuals, but not so much. The requirements to become one of these navigators do not even include a high school diploma. Though these navigators will have access to just about every piece of personal information on Americans enrolled in this exchange, they are not even required to pass a background check. That is what the House Committee on Oversight and Government Reform has been told by HHS. Navigators will only have to take a 20 to 30 hour online course about how the 1,200 page Affordable Care Act (ACA) works. Interestingly, there is another role of these navigators that deserves a mention. There is more to the role of the Navigators than just signing Americans up for the healthcare exchange. These Navigators will also be responsible for registering Americans to vote. What you need to know is that when it comes to the National Data Hub, there is a bigger question here than just one of whether or not HHS navigators might be overstepping their role by registering voters with this personal information; a bigger question than whether or not the information compiled in this data hub is susceptible to fraud, or corrupt workers. The most important question is, "Does personal or private information exist anymore?" Chances are the feds would say no. After all, we know the NSA believes they have the right to read your emails and listen to your phone calls. So, why wouldn't they have the right to any and all of your private information, even your banking information? The federal apparatus that is nearly complete is telling you that you don't have the right to withhold anything about yourself and your life from government. But that is simply not true. The rights to privacy are all but gone in America today. Consider this, you do not belong to the state. Your money, your business, your private correspondence and conversations, your identity belongs to you and you alone. Those in power know it, but the population has forgotten it. It is time that we remember. Read more: http://freedomoutpost.com/2013/09/obamacare-navigators-wont-pass-background-checks/#ixzz2fsAiqPBk

I also broke it, but they got on it right away and fixed it. Encouragement for all!

I'm going through the exchange, and don't qualify for any subsidies or credits (unless I opt to insure my employee, which I can't afford right now & besides she'll qualify for Medi-Cal under the new law). I'm excited that I will be able to BUY insurance at a much less cost than the former high-risk pool.

This only applies to a company provided 401K for the company he works for. IRA must distribute RMD. As long as the taxpayer has earned income equal to or above the amount he wishes to contribute, he can do so.

Is the 47k all trust fund or the total taxes? make sure any payment he makes goes to the trust funds due and not to the overall taxes due first.

I have several clients enrolled in Simple IRA and one particular fellow is 72 and still making contributions. Here is the rule from pub 560. Can I contribute to a SIMPLE IRA of a participant over age 70 ½? Yes. Employees who are age 70 ½ or over may make salary deferral contributions to their SIMPLE IRAs. Employers must continue to make matching or nonelective contributions to employees’ SIMPLE IRAs even after an employee reaches age 70 ½. However, an employee who is age 70 ½ must also begin to take required minimum distributions from the account. Employees may not be excluded from participating in a SIMPLE IRA plan based solely on their age.

Filing an OIC does NOT mean that it will be successful. Depends on what assets the taxpayer has and the probability of IRS collecting what they want. Depending on the totality of the circumstance, it is possible IRS may settle for less than the total amount due including interest and penalties. It is worth a try but make no promises like those TV ads!

An OIC has a very slim chance due to it being trust fund money. The IRS will also seek to make the taxpayers personally liable and attach bank accounts and levy assets accordingly. That is what happened to my clients until they paid in full.

The guy reading your meter has been vetted and is bonded by the company he works for. Another irrelevant comparison.

I wish government could keep totally out of personal issues like marriage, personally. If it was simply a religious classification, things would be a lot simpler. Of course, for that to happen, you have to abolish the taxes that are impacted by marital status. Which is clearly not going to happen. I think adults should be able to form loving relationships as they please, as long as laws protect the children that are impacted by those relationships. That's where things get extremely complicated sometimes.