Taxes - My Tax Return

The IRS will waive penalties when allowed by law if you can show that you acted reasonably and in good faith or relied on the incorrect advice of an IRS employee. The IRS will also waive interest that is the result of certain errors or delays caused by an IRS employee.

Call or write to the IRS. Keep records of all of your attempts to contact an agent. Be polite and specific when calling, and refrain from becoming incoherent if you are feeling anxiety. Fill out IRS Form 911 if you cannot resolve conflict or find resolution through an IRS agent. Write your complaints in this form using blue or black ink. Be specific and complete all information requested. File a complaint with the Inspector General if you need to report cases of fraud or corruption by an IRS employee or contractor. Do not file complaints about your personal tax issues with this agency. Give details and have evidence of the violation or illegal activity in the complaint.

Talk to Taxpayer Advocate. The Taxpayer Advocate Service is an independent organization within the IRS. They help taxpayers whose problems with the IRS are causing financial difficulties; who have tried but have not been able to resolve their problems with the IRS; and those who believe an IRS system or procedure is not working as it should.. You can call your local advocate, whose number is in your phone book, or via the Internet at Taxpayer Advocate Service – at www.irs.gov/advocate or You can also call 1-877-777-4778 . Call or write to the IRS. Keep records of all of your attempts to contact an agent. Fill out IRS Form 911 if you cannot resolve conflict or find resolution through an IRS agent. File a complaint with the Inspector General if you need to report cases of fraud or corruption by an IRS employee.

Forms and publications can be requested by calling 1-800-829-3676.

Uniform Transfer to Minors and Gift to Minors accounts are custodial accounts set up in a child’s name. There are no income eligibility limits to set up an account. Contributions are not tax deductible.
You may put up to $13,000 a year without any gift tax consequences.
As the custodian you have the choice to invest the money in any investment you choose. The current year tax consequences are that the first $950 of the investment earnings is tax free; the next $950 will be taxed at the child’s tax rate.
Any earnings above $1,900 will be taxed at the parent’s rate until the child is 18 years of age. After 18 the earnings are taxed at the child’s rate. An important item to note with these custodial accounts is that the account belongs to the child.
The child gains full control of the Uniform Gift account at age 18 and gains control of the Uniform Transfer account at age 21. Speak to your local CPA for more information on these custodial accounts.

In the current year, you may exclude up to $92,900 of foreign earned income. The exclusion is an election and claimed on IRS Form 2555. Speak to your local CPA about the taxability and filing requirements with foreign earnings.

If all other criteria are met to file short form 1040A then you can use 1040A if the only capital gains are distributions from a mutual fund.

A patent for an invention is a grant of a property right by the government to the inventor. The right conferred by the patent grant is the right to exclude others from making, using or selling the invention. A patent is given only to the first inventor. If one innocently invents something already patented, no second patent will be granted. Patents are granted for a new and useful process, machine, manufacture, composition of matter, or ornamental design for an article of manufacture. For more information on patents speak to your local CPA or call the U.S. Patent and Trademark Office at (800)786-9199 or go to their website at http://www.uspto.gov.

A Trademark is like a copyright. The trademarks protect an owner's work from unscrupulous business practices. Unlike copyrights, trademarks protect a product's identity from being copied. A trademark is a word, phrase, symbol or design, or combination of them which identifies the source and quality of a business product. The most effective way to secure nationwide ownership to a trademark is to register it with the Patent and Trademark Office. You can also register your trademark with the state or states in which you use your trademark. The benefits of state registration vary from state to state, but at a minimum, state registration puts others on notice that you are claiming rights to a mark in a certain area.