mwcpa
Senior Member
Joined: Jan 7, 2011 6:35:43 GMT -5
Posts: 2,425
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Post by mwcpa on Feb 11, 2012 16:33:32 GMT -5
"First - this strategy was suggested to me by a CPA" he/she should be disbarred from provide advise that is contrary to the law.
"IRS - Why would you choose to pay MORE taxes by filing single?" "IRS - I am going to recommend that they accept this O.I.C."
OIC and tax filing are two completely different matters... when the IRS said, and I believe (based solely on your posts and clear lack of understanding of the law) that you misunderstood him/her... why would you file married separate was probably the question.... "single" would provide a lower tax than married joint when both spouses work and make high wages (as you note) and a two single people making 100K would pay less combined income tax that a married couple showing 200K with all other things being the same.... yes, their is still a marriage penalty.... (as a haha, since you noted this great advise came 30 years ago.... my BNA only goes back to 1987... but a single person making 100K taking the standard deduction would have had a tax of about 30700+/-, a married couple making 200K would pay 64000+/-, and married filing separate which is probably what the IRS was talking about was 32000+/-..... today it would be single 19000+/-, married separate 19400 +/- and married joint 38750 +/-... 2 singles make out.... so much for no marriage penalty)
the issue is that you need to find an attorney ASAP.... you have possibly committed some crimes and your tax preparer should seek counsel also if he continues to advise this type of filing (as it is not allowed in the law)....
by the way.... what is "cash accrual" accounting.... there is no such thing....
you clearly need a new tax professional...the charlatan that you have been working with has gotten you into a heap of possible troubles.... but, worst case he may be in the next cell....
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rangerj
Junior Member
Joined: Jan 21, 2011 13:39:35 GMT -5
Posts: 242
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Post by rangerj on Feb 11, 2012 20:39:42 GMT -5
Some states provide for privileged communications for CPA and other accounting professionals, but the U.S. government does not recognize said privilege. Attorneys, clergy, and medical professionals have privileged communications with their "clients". There has been a movement afoot for several years to provide privileged communications to journalist, but I have not seen anything to indicate that this is "law". An attorney can hire a variety of experts to assist on the case and that extends the privilege to the person doing the assisting (with some limitations). As stated above this is a legal matter and if you want privileged communications go to an attorney and NO ONE ELSE ( other than your Doctor or Rabbi, priest, or minister, parson, or other religious cleric).
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Deleted
Joined: May 15, 2024 13:54:34 GMT -5
Posts: 0
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Post by Deleted on Feb 12, 2012 5:03:26 GMT -5
Why wouldn't you have asked for legal advice on this 25 years ago? I'm always fascinated by these types of questions... Exactly what is the poster hoping to get out of this? Or how does this help the situation? No matter how Hurricane girl answers, it won't change the fact that she didn't ask for this advice 25 years ago. So, is this question a "I told you so" type of question? Why dwell on the past? Whether Hurricane Girl should've would've could've, need to had to want to is irrelevant. Ok, Sorry, I did not mean to jack this comment. Therefore, to Hurricane girl, my suggestion is to seek out help from a tax attorney. Considering that you haven't been audited on this issue by the IRS means that it might not be that big of a deal (but, I'm not a Tax attorney, so by no means take my word for this) Please let me know your outcome because I'm curious of the nature of marital status. Best of luck -Showtime Let me state it in a different way to clarify what could possibly be productive. 25 years ago you didn't seek the advice of a tax attorney while working through a big tax mess. Now you realize you may have gotten some bad information & created a bigger mess. Why NOW would you still not seek the advice of a tax attorney & think that you can get the answers in a DIY fashion. They certainly have the income to afford professional advice to assist them now, so don't make the same mistake again!! Not so much 'dwelling on the past' but learn from your mistakes and do it right this time.
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TheOtherMe
Distinguished Associate
Joined: Dec 24, 2010 14:40:52 GMT -5
Posts: 27,263
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Post by TheOtherMe on Feb 12, 2012 11:43:10 GMT -5
The mistakes the OP has made in the past should not be repeated based on the information provided here.
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