Search found 5 matches

by 3520woes
Sun Mar 23, 2014 11:17 pm
Forum: Canada / United States Tax & Accounting
Topic: 8938, 3520, and Turbotax
Replies: 1
Views: 1968

8938, 3520, and Turbotax

I've noticed that after I went through the foreign financial assets interview in Turbotax, Turbotax insists on filling out 8938 Part I, line 5, and Part II, line 3, with "no". This is happening even though the IRS instructions technically say you should fill out *only* Part IV and your nam...
by 3520woes
Mon Oct 01, 2012 2:58 pm
Forum: Canada / United States Tax & Accounting
Topic: Help - IRS letter indicating penalty for late 3520
Replies: 107
Views: 193137

I just wanted to update everyone... A day or two after I submitted the issues to the TAS systemic advocacy platform, I got an email (!) from a TAS advocate asking me to call her back (!!). I ended up having a conversation with an incredibly nice, well-informed woman from TAS who assured me that TAS ...
by 3520woes
Thu Sep 27, 2012 11:58 pm
Forum: Canada / United States Tax & Accounting
Topic: Help - IRS letter indicating penalty for late 3520
Replies: 107
Views: 193137

Oh, and in response to nanic--Canada has indicated they aren't going to help the IRS collect penalties, although nothing is keeping them from changing that position, it's not like it's written into the Charter of Rights and Freedoms or something. Personally I live in the USA, so that doesn't help me...
by 3520woes
Thu Sep 27, 2012 11:54 pm
Forum: Canada / United States Tax & Accounting
Topic: Help - IRS letter indicating penalty for late 3520
Replies: 107
Views: 193137

TAS actually told me that I might not get letters indicating that the penalties were abated. They told me that the best way to confirm would be to call the IRS and ask if their records indicated I owed them any money. Since seemingly every person I've talked to at the IRS has been able to tell wheth...
by 3520woes
Thu Sep 27, 2012 4:29 pm
Forum: Canada / United States Tax & Accounting
Topic: Help - IRS letter indicating penalty for late 3520
Replies: 107
Views: 193137

I wanted to share my story...basically the same as everyone else's. Filed (with explanation) 7 years of old 3520s and current year's under OVDI FAQ 18, I had paid taxes but didn't know about the form. In June, I got a letter saying that my forms were incomplete (they weren't...the line I hadn't fill...