Re: Got a nasty letter from the IRS....Please Help!

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Hi Dave,

I have Jackson Hewitt working on it even as we speak. All it
came down to was them having to amend some stuff to my tax
returns to account for the interest on that trust fund. I'll
probably end up owing something to the IRS, but it shouldnt be
anywhere near the $3,000 something they were originally asking
for.

Anthony

On 8/02/06, David wrote:
> 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.