How Much Do You Know?

Essex & Associates::www.essexinc.biz September 1, 2011

Greetings!

Just how much do you know about your taxpayer rights? If you answer all five questions correctly, I'll put you in a drawing for a $100 restaurant gift card.

1. How many rights does the taxpayer have?

a. 5

b. 8

c.10

d.12

2. When an IRS employee has been rude to you, what should you do?

a. Yell back at them.

b. Slam down the phone and swear.

c. Ask to speak to a supervisor.

d. Threaten to sue.

3. If you are afraid to go to an IRS meeting, what are your options?

a. Hire a representative to go instead.

b. Have someone go with you.

c. Arrange to record the meeting.

d. All of the above.

4. When you cannot pay all the taxes you owe, when due, what are your options?

a. Don't file a tax return. That way, the IRS won't know how much you owe.

b. Set up a monthly payment plan.

c. Lie about your balance due on your tax return.

d. Blame it on the economy and forget it.

5. If you disagree about the amount of your tax liability, what is not a sensible option?

a. Request an appeals hearing.

b. Go to Tax Court.

c. Go to the U.S. Court of Federal Claims.

d. Just give in and pay the tax.

Thanks to my fellow tax professional Eva Rosenberg, EA, for the quiz.

Wishing you many happy returns,

Wayne

Wayne T. Essex Ph.D.
Essex & Associates
Tax, Accounting, HR, Payroll
7501 Paragon Road
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“Wayne Essex and his staff are very personable & knowledgeable in the financial realm. They were a great help with our taxes including my wife's Mary Kay business. We will be using them again. On a personnel note: If you ever get to hear Bro. Essex speak or preach, you will not be disappointed. Great Results, Good Value, High Integrity!
Jeffrey Scott Gabbard
November 23, 2011

“I came to Wayne after getting a recommendation from a business client and I'm extremely happy with the results that his firm provides for my small business. They have always taken the time to recommend ways that my small company can improve the bottom line.
John Johnston
April 24, 2011

“Wayne is a highly professional Accountant. He is an expert in his field. His company & associates work very hard to get you the best possible results. I highly recommend his company to anyone who is serious about their professional and personal well being.
Al Gilmer Co Owner H & A Limousine & Sedan Service
May 14, 2008

“Wayne is a man of integrity who works hard to maximize value for his clients while helping them to achieve life goals. Wayne is exceptionally sharp and has an unusually strong grasp of tax law.
Craig A. Steffen,
July 6, 2007

“Wayne is exactly what you are looking for when it comes to financial and tax advice - lots of knowledge, honesty and integrity. July 6, 2007
Principal & Co-Founder, Advanced Technology Consulting, Inc. David Goodwin
July 6, 2007

April 17, 2012* 2011 Federal Tax Return Tax Day for Tax Year 2011
Filing deadline and due date for Federal Income Tax Returns.

April 17, 2012 2011 State Tax Return Due date for most State Income Tax Returns.

April 17, 2012 2011 Federal Tax Extension Due date for Tax Extensions for 2011 Federal Income Tax Returns.

April 17, 2012 2011 State Tax Extension Due date for most State Income Tax Extensions.

October 15, 2012 2011 Federal Tax Return Last day to e-file a 2011 Income Tax Return for Tax Extension filers and late Tax Return filers.

April 15, 2015 2011 Tax Amendment You can file an Amended Return anytime, but you have a deadline of 3 years from the original due date to claim any tax refund.

No Deadline Previous Year Tax Returns You can file a Tax Return for a previous tax year anytime, but you can only claim a refund within 3 years of the original tax deadline.

Official IRS 2012 Deadlines PDF