If you receive a phone call, fax or letter in the mail from an individual claiming to be from the IRS but you suspect they are not an IRS employee, contact the IRS at 1-800-829-1040 to determine if the IRS has a legitimate need to contact you.
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You can also call the IRS toll-free at 1.800.829.1040 weekdays from 7:00 a.m. to 10:00 p.m.
Based on IRS Regulation 1.6033-2(g)(1)(iv), Wycliffe is therefore neither required to file Form 990 nor to disclose it under the recently enacted public disclosure rules.
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Lastly, the IRS advises that if you think you may be at risk for identity theft due to a lost or stolen purse or wallet, questionable credit card activity, or unexpected bad credit report, contact the IRS Identity Protection Specialized Unit toll-free at 1-800-908-4490.
Starved of enforcement money, the IRS did face-to-face audits of only 1 in 631 returns last year.
If you need to talk with the IRS about such an issue, you can call 1-866-562-5227.
The IRS also gives affected taxpayers until Feb. 1 to perform other time-sensitive actions described in Treas.
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With new filters, the IRS discovered 4.1 million "problems" with Social Security numbers--an increase of more than 3 million from the year before.
These proliferated along with the Internet and a drop in individual audit rates--the IRS audited just 0.57% of returns in fiscal 2002, down from 1.67% in fiscal 1996.
Last year, the IRS sent out 1.8 million such letters, compared with only 300, 000 of the far-more-expensive in-person audits.
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While it might seem crazy to assert that you can have taxes withheld from a distribution that was negated by a 60-day rollover, but the IRS allows you to do a tax-free rollover of a distribution that has been sent to the IRS as withheld income tax, by using substitute funds (see Reg 1.402(c)-2, A-11).
Firms will have to give the information to investors and the IRS on Forms 1099-B for stocks they sell for customers, starting with those bought on or after Jan. 1, 2011 (mutual-fund shares bought on or after Jan. 1, 2012).
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