u/Abject_Mongoose9372

▲ 2 r/IRS

I got a CP53E notice from the IRS but I OWE taxes this year. Why is this happening?

I filed my taxes and I owe about $3,000.
I already paid what I owe.
Then I got a CP53E notice saying my refund is frozen because I didn't provide direct deposit info.
But I'm not getting a refund.
I owe money and why is the IRS sending me this notice?
I'm so confused and is this a mistake? Has anyone else gotten a CP53E even though they owed?
The AICPA says the IRS is aware some notices were sent in error, but I don't know what to do. 

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u/Abject_Mongoose9372 — 6 days ago
▲ 0 r/tax

Which of these causes the most tax headaches for small business owners?

I'm curious what tax professionals, business owners, and bookkeepers see most often.

If you had to pick just one, which creates the biggest problems during tax season?

  • Poor bookkeeping
  • Payroll mistakes
  • Missing deadlines
  • Mixing personal and business expenses

My initial thought is that poor bookkeeping is the root cause of a lot of other issues, but I've also seen payroll mistakes become extremely expensive.

Which one do you think causes the most trouble, and why?
thank you

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u/Abject_Mongoose9372 — 14 days ago
▲ 12 r/IRS+1 crossposts

My friend's tax preparer messed up twice now the IRS wants penalties. Any advice?

A close friend of mine is dealing with a nightmare situation and I'm trying to help him figure out what to do.

He hired a tax preparer who completely messed up a Backdoor Roth IRA conversion on his return. The IRS sent him a notice saying he owes additional taxes. He went back to the preparer, who filed an amended return to fix it but they got his cost basis wrong AGAIN. Twice.

Now the IRS is saying the original assessment stands and he owes tax + penalty + interest. My friend didn't do anything wrong he gave the preparer all the correct documents. This is entirely the preparer's error.

Can he get the penalties waived since it wasn't his fault? Has anyone been through something similar? Should he just pay it and try to get the preparer to reimburse him, or fight the IRS on this?
Thanks.

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u/Abject_Mongoose9372 — 19 days ago
▲ 14 r/IRS

My mom claimed me as a dependent but I filed my own return — now what?

I'm 23, not a student, and I pay more than half my own bills.
I filed my own tax return claiming myself.
My mom also claimed me as a dependent.
The IRS rejected my e-file because my SSN was already used.
Do I need to mail in a paper return and let the IRS figure it out?

reddit.com
u/Abject_Mongoose9372 — 24 days ago