Evolv-ing Thread

dwcraig1

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Yes, the IRS sent me a bill for $11k yesterday, and they want it by Oct 6t, for co-ops I did back in 2014. It appears PP reported the co-op transactions as income to the IRS.

You are "Verified", see the Post Deeming thread in the Discussion group on the verified side of the fence.

So yes, PP and the IRS are both on my special list right now.
That's not quite how I meant it. They(ECF) will censor anything else I have to say. That's FU'd
 

SlickWilly

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Yes, the IRS sent me a bill for $11k yesterday, and they want it by Oct 6t, for co-ops I did back in 2014. It appears PP reported the co-op transactions as income to the IRS.

You are "Verified", see the Post Deeming thread in the Discussion group on the verified side of the fence.

So yes, PP and the IRS are both on my special list right now.

Your taking this to a good tax attorney aren't you? I sure as hell would, that's no chump change! If you can show it was non-profit co-op's, show them the ECF rules, then I wouldn't think they would be able to hold you to it.
 

dwcraig1

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14199370_1292012210823000_2446744979501634751_n.jpg
 

mikepetro

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Your taking this to a good tax attorney aren't you? I sure as hell would, that's no chump change! If you can show it was non-profit co-op's, show them the ECF rules, then I wouldn't think they would be able to hold you to it.
Not yet, just got it yesterday.

I am debating if I need an attorney, or can afford one, and if there is even a good one in my little 2 horse town. Still sorting all that out in my head.

I figure my first step is to start rounding up documentation. Attorney or not, I am going to need it either way.
 

SlickWilly

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That blows, now you will have to file amended returns showing expenses vs income to prove no additional income was derived.

Yeah, they came after me some years ago, I tried for almost eight months to deal with them myself, calls and mailing paperwork but they kept telling me I owed the money. Finally I went to a tax attorney, on my first visit he made a phone call, got someone on the phone and within six weeks he took care of it by sending them an amendment and some other forms. The IRS will try to walk all over you if you don't have an attorney, it's like trying to represent yourself in court, not a good idea. They can freeze your bank accounts, credit cards, seize property and harasses the hell out of you, nothing to poo poo.
 

Tpat591

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If anything your expenses exceeded your income in these coops. You often threw in free gift giveaways in your coops that are documented in the threads. You might not need an attorney. Your submissions to ECF should suffice for most of it and you might be able to write off your personal vape equipment as a loss requiring them to give you a refund.

Can ECF help you at all with their legal dept.?
 

dwcraig1

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Maybe I am dense, but you lost me....
It's what I held the board on while I soldered the four large wires...only got two hands but needed at least ...
I did it at work, I missed placement of the 3rd one so I cut it off. It worked well.
 

mikepetro

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If anything your expenses exceeded your income in these coops. You often threw in free gift giveaways in your coops that are documented in the threads. You might not need an attorney. Your submissions to ECF should suffice for most of it and you might be able to write off your personal vape equipment as a loss requiring them to give you a refund.

Can ECF help you at all with their legal dept.?
No clue, I figure sooner of later an Admin will see these threads, and if they choose to offer, I will accept. I am not going to ask them though, doesnt feel appropriate. The co-ops were my responsibility, they only provided rules and guidelines as to how I was allowed to proceed.
 

SlickWilly

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I can't tell you the sleep I lost and the fear they instilled on me as time went on, the people I talked to at the IRS were nice as hell on the phone, "Oh I understand sir" but then I'd get letters with payment schedules for the bill, telling me what the "could do" and how time was running out. These aren't nice people and they don't care about you or I. I knew I was right, I didn't want to spend money on an attorney but after my consultation it lifted the fear and I wished I had done it sooner. Get your prior returns and paper work together, as you say you'll need it one way or the other, then take it to an attorney and have a consultation. At least have a consultation, see where you stand and get an idea what he'll charge, I think you'll feel better after you do, mine charged $600. Sucks to have to spend a dime on one for this BS, but they know things and have connections at the IRS that we don't. Plus, you won't be harassed by them anymore, it puts a stop to the BS, they have to contact you through and deal with your attorney.
 

mikepetro

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First step, I am gathering documentation.

I spoke with a high powered accountant today and explained the situation. The opinion I got was that I would be ok. I am scheduled to talk with more of a tax specialist type accountant tomorrow. Both are CFO types that I deal with at work, not lawyers though.

It is a crying shame though when you cant trust your government enough to expect a fair shake when you present the facts. I know damn good and well I have the documentation to back up the situation, but I am fearful that little ole me would get chewed up and spit out if I tried to deal with them one on one. To be fair though, I am confident a high percentage of the people who go in front of them actually are trying to cheat, so I am sure they get a little calloused.

I still dont trust any of the 3 letter government acronyms, not a single one.
 

SlickWilly

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First step, I am gathering documentation.

I spoke with a high powered accountant today and explained the situation. The opinion I got was that I would be ok. I am scheduled to talk with more of a tax specialist type accountant tomorrow. Both are CFO types that I deal with at work, not lawyers though.

It is a crying shame though when you cant trust your government enough to expect a fair shake when you present the facts. I know damn good and well I have the documentation to back up the situation, but I am fearful that little ole me would get chewed up and spit out if I tried to deal with them one on one. To be fair though, I am confident a high percentage of the people who go in front of them actually are trying to cheat, so I am sure they get a little calloused.

I still dont trust any of the 3 letter government acronyms, not a single one.

You know, I have been saying I had an attorney, it was an accountant that handled the IRS and submitted the paper work. I did have a consultation with an attorney first, he set up me meeting with the accountant that he recommended and told me if there was a problem the accountant would let him know and he would get involved. Your post shook the cobwebs loose, I'm sorry. I hope I'm not going down the road with Alzheimer like my Mom did, I've been getting so I forget things sometimes.....
 

Tpat591

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No matter what the IRS will view it as a business venture. As such, any equipment you pictured in your coop threads or gave away in them can and should be written off against the profit of that venture. Your time is worth money and any time you invested should be tracked an monetized as an expense as well toward that Business Venture. The goal is to show a overall loss, which I am sure will not be hard to do. If you do it right, the IRS will owe you money.
 

mikepetro

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The IRS (via PP reporting) says I under reported $24,782

I can clearly document co-ops accounting for $24,728.60 and thats not adding give away prizes, etc, just individual co-op records that should match up precisely with PP transactions.

I have not scrutinized Paypal records yet. I am willing to bet the other $53 is from some misc transaction via the classifieds or something. I vaguely remember selling some homemade ceramic wicks for Gennys back then. And I sold them dirt cheap compared to the labor/materials required to make them. Actually, I only sold them as favors to a few folks, they were way too much trouble to make and I had no interest in making more than I needed for myself.

Oh, and PP got paid $774 for their service.
USPS got paid $1,482 for their services.
202 co-op transactions
 
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Alexander Mundy

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I had a run in with the Infernal Revenue Service with my business. They were wrong and I was right. Took almost a year to get it sorted out even though I had sent them copies of the quarterly checks they cashed that they said I never sent them. They sent me certified letters and called me constantly threatening to take my home and property. Took a call to my Senator to finally get it straightened out. Guilty even when proven innocent is their motto. Due Process? Their version is they processed and it was due. ...... with power! @#$*&@##^#

Wow, that automatically censored word isn't a bad one.

.....
noun
informal
  1. a stupid person.
    synonyms: fool, idiot, blockhead, dunce, dolt,ignoramus, imbecile, dullard,simpleton, clod
Think Fast times at Rigemont High when the disgruntled customer says "It says 100% guaranteed you .....!"
 

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