Re: Re: Re: Re: Be careful with sales
Posted: Sun Aug 07, 2016 12:23 am
[quote author=Hutch link=topic=39115.msg163382#msg163382 date=1470528599]
I agree. But the transfer of funds at the casino also doesn't mean profit either. And the IRS duns you there for amounts over a given limit, and then you have to later document losses or expenses to get a refund. Not the same, I know, but nothing the IRS does surprises me.
[/quote]
Hijack
I hate the IRS. Got a letter from fed for 2012, saying I owed $8k for capital gains. I must have not received a statement from a Scottrade account and just completely forgot about it. Provided cost basis and reduced amount due to around $1k. Paid it and thought the case was closed.
A year later, I get a letter from the state saying I owed them over $1k from my revised 2012 federal taxes. My state DOR cannot even provide me a copy of the 2012 state 1040 I actually filed, nor can I even get them to providing a detail of how they came up with the numbers they did. In this time, I found out about a capital loss from 2010 I'd never even used and filed an amended federal return for 2012 this spring and they accepted it. On the same day I sent in the federal 2012 amended return, I filed an amended 2012 return for the state. The state confiscated ~ $500 from my 2015 return and from my amended return, I showed a balance due of $182 and sent a check and roughly $500 should be wiped out. State cashes check in April and hasn't even acknowledged anything from my amended return. I get home from vacation a week ago and find out the state turned over my account to collections for a delinquent tax bill and then the $182 still never came out of the amount they said was owed.
I hate these bureaucratic assholes that have zero accountability to doing their damn job.
I agree. But the transfer of funds at the casino also doesn't mean profit either. And the IRS duns you there for amounts over a given limit, and then you have to later document losses or expenses to get a refund. Not the same, I know, but nothing the IRS does surprises me.
[/quote]
Hijack
I hate the IRS. Got a letter from fed for 2012, saying I owed $8k for capital gains. I must have not received a statement from a Scottrade account and just completely forgot about it. Provided cost basis and reduced amount due to around $1k. Paid it and thought the case was closed.
A year later, I get a letter from the state saying I owed them over $1k from my revised 2012 federal taxes. My state DOR cannot even provide me a copy of the 2012 state 1040 I actually filed, nor can I even get them to providing a detail of how they came up with the numbers they did. In this time, I found out about a capital loss from 2010 I'd never even used and filed an amended federal return for 2012 this spring and they accepted it. On the same day I sent in the federal 2012 amended return, I filed an amended 2012 return for the state. The state confiscated ~ $500 from my 2015 return and from my amended return, I showed a balance due of $182 and sent a check and roughly $500 should be wiped out. State cashes check in April and hasn't even acknowledged anything from my amended return. I get home from vacation a week ago and find out the state turned over my account to collections for a delinquent tax bill and then the $182 still never came out of the amount they said was owed.
I hate these bureaucratic assholes that have zero accountability to doing their damn job.