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Financial Planning / Tax Strategies


Subject:  Record Keeping Date:  9/27/2012  10:10 AM
Author:  inparadise Number:  116677 of 127753

Thank goodness we are anal about it. Just received a CP2000 for 2010 telling us we owe a bunch more in taxes, because Citibank did not send them supporting documentation that showed we paid interest on our primary residence mortgage. Fortunately, after spending way too long trying to read this fat envelope of documents from the IRS, we understand they want the 2010 1098 from Citibank showing we paid. Easy enough. Hopefully that will take care of it.

After the 18 month debacle we went through with the IRS on our return to the mainland, where they claimed we hadn't paid Federal taxes for the years we worked in a US territory, only settled once we got a taxpayer advocate to present our 3rd set of documents we provided to the IRS, I have little faith in anything being easy in dealing with the IRS.

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