[alwann]

Tax experts:

Do I really have to submit a copy of Notice 1444-C with my return? And, how much longer should I wait for the good folks at the IRS to send it to me? "Call them and ask," you might suggest. Oh, yeah? You try get through their phone system maze.

[blueash]

Originally Posted by alwann

Tax experts:

Do I really have to submit a copy of Notice 1444-C with my return? And, how much longer should I wait for the good folks at the IRS to send it to me? "Call them and ask," you might suggest. Oh, yeah? You try get through their phone system maze.

If we properly funded the IRS with enough representatives and agents to do the job with which they are tasked... but that is another topic.. 1444C is an informational letter telling you what the IRS did about giving you money because of the impact of Covid. You are required to report what you received whether or not you get the letter in a timely fashion. You do not "submit" the letter, you use it to correctly report your income.
So if you know what you received, you need not await the letter or wait your turn to speak with an overworked IRS phone person.

I know nothing about tax law, nothing. My answer is based 100% on Google. Use at your own risk.

[Babubhat]

They are backed up with millions of returns from last year. Systems are obsolete. Not getting better soon. It is a document for your records. Create an online irs account and you can view it

IRS information letters about Economic Impact Payments and the Recovery Rebate Credit | Internal Revenue Service

Keep any IRS notices received related to the Economic Impact Payments with other tax records. The IRS is unable to issue a copy of the notice if it is lost or never received, even though the payment was received. Taxpayers who don't have their notices can view the amounts of the first and second Economic Impact Payments through their online account.

[Stu from NYC]

Wonder how many billions of tax dollars are not collected due to IRS not being properly funded?

[Boomer]

Originally Posted by blueash

If we properly funded the IRS with enough representatives and agents to do the job with which they are tasked... but that is another topic.. 1444C is an informational letter telling you what the IRS did about giving you money because of the impact of Covid. You are required to report what you received whether or not you get the letter in a timely fashion. You do not "submit" the letter, you use it to correctly report your income.
So if you know what you received, you need not await the letter or wait your turn to speak with an overworked IRS phone person.

I know nothing about tax law, nothing. My answer is based 100% on Google. Use at your own risk.

I think you are right — although I am not an accountant so the “use at your own risk” applies to my advice here, too. . .

Anyway, I turned tax stuff in to our accountant last week. Three days later those IRS letters arrived.

But there had been a place for the amount on the checklist the accountant sends us every year.

I had picked up the amount from our checking account statement and I am guessing that was all we needed.

Boomer

[Topspinmo]

Originally Posted by blueash

If we properly funded the IRS with enough representatives and agents to do the job with which they are tasked... but that is another topic.. 1444C is an informational letter telling you what the IRS did about giving you money because of the impact of Covid. You are required to report what you received whether or not you get the letter in a timely fashion. You do not "submit" the letter, you use it to correctly report your income.
So if you know what you received, you need not await the letter or wait your turn to speak with an overworked IRS phone person.

I know nothing about tax law, nothing. My answer is based 100% on Google. Use at your own risk.

If we had flat tax system with NO exemptions there would be no need for IRS. CPAs or tax lawyers. But, wait the rich would have to pay there fare share then.

[Babubhat]

Originally Posted by Topspinmo

If we had flat tax system with NO exemptions there would be no need for IRS. CPAs or tax lawyers. But, wait the rich would have to pay there fare share then.

Congress lives on donations from special interests. Never will happen

[Stu from NYC]

Originally Posted by Topspinmo

If we had flat tax system with NO exemptions there would be no need for IRS. CPAs or tax lawyers. But, wait the rich would have to pay there fare share then.

Most of the so called rich do in fact pay their fair share but the ones who do not have purchased their own congressman to get special treatment.

Do think a flat tax would be good.

[retiredguy123]

Originally Posted by Stu from NYC

Most of the so called rich do in fact pay their fair share but the ones who do not have purchased their own congressman to get special treatment.

Do think a flat tax would be good.

Most rich people would love a flat tax.

[JMintzer]

Originally Posted by Topspinmo

If we had flat tax system with NO exemptions there would be no need for IRS. CPAs or tax lawyers. But, wait the rich would have to pay there fare share then.

And the bottom 47% of taxpayers (last year was actually 61%), who currently pay ZERO Federal Income Tax, would have to pony up... It would affect them much more than it would affect "the rich"...

Access Denied

[Topspinmo]

Originally Posted by retiredguy123

Most rich people would love a flat tax.

Yes, especially the ones who pay less taxes than their secretary. Course the secretary don’t have army of CPAs and tax lawyers getting her out of her fair share.

[Topspinmo]

Originally Posted by JMintzer

And the bottom 47% of taxpayers (last year was actually 61%), who currently pay ZERO Federal Income Tax, would have to pony up... It would affect them much more than it would affect "the rich"...

Access Denied

Tax code are made by lawyers which most are in Congress. The exemptions favor the rich and they pay off to get them. Poor or middle class pay more taxes per ratio to income. Flat tax without exemptions everybody would pay. Don’t care how many kids you have, or if you got solar, electric car, or if you have foundation. All would have to pay there fair share.

[thevillages2013]

Originally Posted by blueash

If we properly funded the IRS with enough representatives and agents to do the job with which they are tasked... but that is another topic.. 1444C is an informational letter telling you what the IRS did about giving you money because of the impact of Covid. You are required to report what you received whether or not you get the letter in a timely fashion. You do not "submit" the letter, you use it to correctly report your income.
So if you know what you received, you need not await the letter or wait your turn to speak with an overworked IRS phone person.

I know nothing about tax law, nothing. My answer is based 100% on Google. Use at your own risk.

My mother (God rest her soul) worked at the IRS 40+ years ago in Atlanta. She would say that (on average)out of ten employees only two actually worked and did their job. I would jokingly ask is she was one of the two or eight. Being able to read and write were the only qualifications for getting a job and they let those slide occasionally.

[retiredguy123]

Originally Posted by thevillages2013

My mother (God rest her soul) worked at the IRS 40+ years ago in Atlanta. She would say that (on average)out of ten employees only two actually worked and did their job. I would jokingly ask is she was one of the two or eight. Being able to read and write were the only qualifications for getting a job and they let those slide occasionally.

That is very typical for many Federal offices, and not an exaggeration. Without a profit motive, the way to get promoted is to arrange it so you have more employees under your supervision.

[thevillages2013]

Defund the IRS