Re: Got a nasty letter from the IRS....Please Help!
Posted by David on 8/02/06
Anthony,
First thing you should do is go back to whoever prepared
your returns. Some of these places stand by their work, and
might have a quick easy solution.
If you can't get any help there, you need to find an
attorney or accountant who handles IRS disputes. However,
keep in mind that if your total tax debt is only $3000, it
could cost more than that to get someone involved.
Good luck
Dave
On 7/21/06, Anthony wrote:
> My grandparents have a trust fund setup for me through
> Merril Lynch. For the past 3 years I have not disclosed
> that on my tax returns because the folks at HR Block and
> Jackson Hewitt told me that it wasn't necessary to
disclose
> that to the government since trust funds are considered
> gifts, not actual income. Yesterday, I get a letter from
> the IRS stating that I owe them $3,040 because I did not
> disclose the trust fund on my returns. What are my
options?
> Is there anyway around this? Thanks.