IRS Targeting Update: 1. Met with the Auditor and the Auditors - TopicsExpress



          

IRS Targeting Update: 1. Met with the Auditor and the Auditors Supervisor today. 2. I indicated to them that lost wages gained from a "personal physical injury are non-taxable, which the Auditor had previously denied. 3. The Supervisor jumped in and said except for punitive damages and lost wages..agreeing with the Auditor. 4. I removed Revenue Ruling 85-97 from my briefcase and read... "The entire amount received by an individual of a suit from personal injuries...including the portion of the amount allocable to the claim for lost wages, is excludable..from gross income." 5. The IRS Supervisor now agreed with me BUT... ...continued to deny the claim!!! The IRS lied about a 30 year old Ruling...then agreed with the 30 year old Ruling...then still denied the claim for the ruling they agreed to. Welcome to the New America!!!
Posted on: Mon, 05 Aug 2013 21:22:08 +0000

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