Gary McDevitt Arrested for Threatening to Kill an IRS Employee
On July 25, 2013, in the Middle District of Florida, Treasury Inspector General for Tax Administration (TIGTA) special agents arrested Gary McDevitt for a threatening communication transmitted in interstate commerce, and threats of force to intimidate an officer of the United States. [1]
McDevitt’s arrest was based on a June 12, 2013 indictment. According to court documents, during a telephone communication transmitted from Florida to Illinois, McDevitt threatened to kill a Revenue Officer (RO) of the Internal Revenue Service. McDevitt endeavored to intimidate and impede the RO, who was acting in an official capacity, because of a notice of levy filed on McDevitt’s bank account. [2]
McDevitt was released on a $25,000 unsecured bond and was ordered to avoid contact with the RO. [3] A trial date has been set for September 3, 2013. [4]
[1] M.D. Fla. Return of Warrant for Arrest filed July 26, 2013.
[2] M.D. Fla. Indict. filed June 12, 2013.
[3] M.D. Fla. Release Bond filed July 26, 2013.
[4] M.D. Fla. Criminal Docket filed June 12, 2013
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Saturday, November 30, 2013
Friday, November 29, 2013
Some Facts for Mortgage Debt Forgiveness
If your mortgage debt is partly or entirely forgiven during tax years 2007 through 2012, you may be able to claim special tax relief and exclude the debt forgiven from your income. Here are 10 facts the IRS wants you to know about Mortgage Debt Forgiveness.
1. Normally, debt forgiveness results in taxable income. However, under the Mortgage Forgiveness Debt Relief Act of 2007, you may be able to exclude up to $2 million of debt forgiven on your principal residence.
2. The limit is $1 million for a married person filing a separate return.
3. You may exclude debt reduced through mortgage restructuring, as well as mortgage debt forgiven in a foreclosure.
4. To qualify, the debt must have been used to buy, build or substantially improve your principal residence and be secured by that residence.
5. Refinanced debt proceeds used for the purpose of substantially improving your principal residence also qualify for the exclusion.
6. Proceeds of refinanced debt used for other purposes for example, to pay off credit card debt do not qualify for the exclusion.
7. If you qualify, claim the special exclusion by filling out Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness, and attach it to your federal income tax return for the tax year in which the qualified debt was forgiven.
8. Debt forgiven on second homes, rental property, business property, credit cards or car loans does not qualify for the tax relief provision. In some cases, however, other tax relief provisions such as insolvency may be applicable. IRS Form 982 provides more details about these provisions.
9. If your debt is reduced or eliminated you normally will receive a year-end statement, Form 1099-C, Cancellation of Debt, from your lender. By law, this form must show the amount of debt forgiven and the fair market value of any property foreclosed.
10. Examine the Form 1099-C carefully. Notify the lender immediately if any of the information shown is incorrect. You should pay particular attention to the amount of debt forgiven in Box 2 as well as the value listed for your home in Box 7.
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1. Normally, debt forgiveness results in taxable income. However, under the Mortgage Forgiveness Debt Relief Act of 2007, you may be able to exclude up to $2 million of debt forgiven on your principal residence.
2. The limit is $1 million for a married person filing a separate return.
3. You may exclude debt reduced through mortgage restructuring, as well as mortgage debt forgiven in a foreclosure.
4. To qualify, the debt must have been used to buy, build or substantially improve your principal residence and be secured by that residence.
5. Refinanced debt proceeds used for the purpose of substantially improving your principal residence also qualify for the exclusion.
6. Proceeds of refinanced debt used for other purposes for example, to pay off credit card debt do not qualify for the exclusion.
7. If you qualify, claim the special exclusion by filling out Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness, and attach it to your federal income tax return for the tax year in which the qualified debt was forgiven.
8. Debt forgiven on second homes, rental property, business property, credit cards or car loans does not qualify for the tax relief provision. In some cases, however, other tax relief provisions such as insolvency may be applicable. IRS Form 982 provides more details about these provisions.
9. If your debt is reduced or eliminated you normally will receive a year-end statement, Form 1099-C, Cancellation of Debt, from your lender. By law, this form must show the amount of debt forgiven and the fair market value of any property foreclosed.
10. Examine the Form 1099-C carefully. Notify the lender immediately if any of the information shown is incorrect. You should pay particular attention to the amount of debt forgiven in Box 2 as well as the value listed for your home in Box 7.
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We Assist Taxpayers Nationwide
Contact the Tax Experts today!!!
Thursday, November 28, 2013
What is the IRS Automated Collection Systems?
A computer based auto-dialer collection system that monitors delinquent taxes at this point. Accounts can remain at this stage for up to a year. ACS collectors seek to know a delinquent taxpayer's financial profile, including income, expenses, and assets. This is one of the best times to negotiate an Installment Agreement or CNC status.
ADVANCE TAX RELIEF - We Solve Tax Problems
www.advancetaxrelief.net
BBB Accredited Business
We Assist Taxpayers Nationwide
Contact the Tax Experts today!!!
ADVANCE TAX RELIEF - We Solve Tax Problems
www.advancetaxrelief.net
BBB Accredited Business
We Assist Taxpayers Nationwide
Contact the Tax Experts today!!!
Tuesday, November 26, 2013
How do I know which Tax Resolution Company to go with?
There are a few things to look out for when choosing tax representation. Check to see if a company is BBB accredited. When talking to a tax professional are they listening to what your problem is and are they offering a solution that is addressing your particular problem?
MY FRIENDS, DO NOT MIX APPLES WITH ORANGES!
GET THE IRS TAX HELP YOU NEED TODAY!
ADVANCE TAX RELIEF - We Solve Tax Problems
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(800)790-8574
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We Assist Taxpayers Nationwide!
MY FRIENDS, DO NOT MIX APPLES WITH ORANGES!
GET THE IRS TAX HELP YOU NEED TODAY!
ADVANCE TAX RELIEF - We Solve Tax Problems
www.advancetaxrelief.net
(800)790-8574
BBB Accredited Business
We Assist Taxpayers Nationwide!
Monday, November 25, 2013
***I have not filed taxes in years and the IRS has never contacted me, why should I worry about it?
The IRS has a working system. It is a matter of time before they get to you. It may have taken all these years but your turn is around the corner and when that happens it is going to cause devastation and cost you thousands of dollars to fix that tax issue.
Stop procrastinating and call ADVANCE TAX RELIEF today to file your tax returns. You will save yourself from a lifetime of problems that can follow you dead or alive.ADVANCE TAX RELIEF - We Solve Tax Problems
www.advancetaxrelief.net
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Sunday, November 24, 2013
*****IRS WAGE GARNISHMENT RELEASE AND ASSISTANCE
The IRS can notify your employer that you have a back tax debt. If your employer receives the garnishment notice, it is then required, by law, to send a significant portion of each of your paycheck directly to the IRS to offset the debt.
The dollar amount sent to the IRS for your wage garnishment depends on your filing status, the number of exemptions you claim and how often you get paid. At Advance Tax Relief, we never advise any taxpayer to take on the IRS on your own. If you do nothing, the IRS will continue to garnish your paycheck until your debt is paid in full.
Our tax specialists can attempt to negotiate a release of the wage garnishment if you qualify for relief. Depending upon your individual circumstances, we may be able to arrange an Installment Agreement to pay the IRS a specified dollar amount every month until the debt is paid. Once the Installment Agreement is in place, we may be able to negotiate an Offer in Compromise and settle your debt for less than the actual liability, depending on your individual financial circumstances. Another option is to be placed in a Currently Not Collectible status, in which you may not have to make payments to the IRS at all, again depending on your individual financial circumstances.
ADVANCE TAX RELIEF - We Solve Tax Problems
www.advancetaxrelief.net
BBB Accredited Business
We Assist Taxpayers Nationwide
Contact the Tax Experts today!!!
The dollar amount sent to the IRS for your wage garnishment depends on your filing status, the number of exemptions you claim and how often you get paid. At Advance Tax Relief, we never advise any taxpayer to take on the IRS on your own. If you do nothing, the IRS will continue to garnish your paycheck until your debt is paid in full.
Our tax specialists can attempt to negotiate a release of the wage garnishment if you qualify for relief. Depending upon your individual circumstances, we may be able to arrange an Installment Agreement to pay the IRS a specified dollar amount every month until the debt is paid. Once the Installment Agreement is in place, we may be able to negotiate an Offer in Compromise and settle your debt for less than the actual liability, depending on your individual financial circumstances. Another option is to be placed in a Currently Not Collectible status, in which you may not have to make payments to the IRS at all, again depending on your individual financial circumstances.
ADVANCE TAX RELIEF - We Solve Tax Problems
www.advancetaxrelief.net
BBB Accredited Business
We Assist Taxpayers Nationwide
Contact the Tax Experts today!!!
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