January, 2014

Message from Nelson & Company, P.S., CPAs

Waiting on the IRS? ---Pack a bag of patience.

If you're waiting to hear from the IRS about tax adjustments or other tax matters, be patient. Last year, the IRS responded timely to 47% of taxpayers who protested adjustments. If you think calling them is a better idea, think again. It will take up to 20 minutes to get through, but then you only have a 61% chance they will be able to help you.

Remember the sequester? 400,000 letters during the 16-day shutdown and most of those are still backlogged.

If you need help with conplicated tax questions, you're out of luck. The iRS will answer only basic questions, such as filing status, dependents, and wherether income is taxable or not. If you have a tough question, they will offer to send you IRS publications or direct you to their website. Remember: The ONLY official site is www.irs.gov.

In summary, budget cuts and heavy workload have forced the IRS to pare back on important services that filers and preparers have relied upon, so don't expect much in the way of service from the IRS.

David S. Nelson, CPA, CTRS
Certified Public Accountants

IRS Times & Inquirer

For New Tour, Singer Lauryn Hill Needed Court Approval

Singer Lauryn Hill will tour the United States from Thanksgiving to the end of 2013 to promote her new single, “Consumerism.”
But there was a catch to the new musical tour. Hill, 38, needed court approval to temporarily suspend her home detention resulting from a conviction for not paying taxes on $1.8 million in income.

he singer, a former member of the band Fugees and best known for her rendition of the song “Killing Me Softly,” pleaded guilty to tax evasion for failure to pay federal income taxes, and earlir this year, she served a three-month prison sentence.

--Our Policies-- www.DNelsonCPAs.com

Nelson & Company, P.S., CPAs Since 1979

Circular 230 Disclosure:
To ensure compliance with requirements imposed by the IRS, we inform you that (i) any tax advice contained in this communication (including any attachments) was not intended or written to be used, and cannot be used for the purpose of avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.

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