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warning on relying on tax transcripts
I know a lot of us have relied on the "official" tax transcripts from the IRS in determining dischargeability and other factors relating to taxes. I just ran into a new one that you all ought to be aware of (if you'll pardon my ending a sentence with a preposition):
Debtor receives notice of taxes due for 1992-1994. I order the record of account (Transcript) for those years. The Transcript shows a zero balance due. I call up the practiioner hotline and ask, "hey, what gives".
The bottom line response was that there is another, "special" transcript that this agent could not fully access, so I had to call another phone number to order the "other" transcript which does show the balance due.
I'm not sure what this means for each of us, but all I can say is that apparently it is not enough to rely on the official transcripts because they may not contain everything...
Perhaps Morgan King can assuage our concerns...
***********************************************
Mark J. Markus
Law Office of Mark J. Markus
11684 Ventura Blvd. PMB #403
Studio City, CA 91604-2652
(818)509-1173
(818)509-1460 (fax)
e-mail: bklawr@bklaw.com
web: http://www.bklaw.com/
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I know a lot of us have relied on the "official"
tax transcripts from the IRS in determining dischargeability and other factors
relating to taxes. I just ran into a new one that you all ought to beaware of (if you'll pardon my ending a sentence with a
preposition):
Debtor receives notice of taxes
due for 1992-1994. I order the record of account (Transcript) for
those years. The Transcript shows a zero balance due. I call up the
practiioner hotline and ask, "hey, what gives".
The bottom line response was
that there is another, "special" transcript that this agent could not fullyaccess, so I had to call another phone number to order the "other" transcript
which does show the balance due.
I'm not sure what this means for
each of us, but all I can say is that apparently it is not enough to rely on the
official transcripts because they may not contain everything...
Perhaps Morgan King can assuage our
concerns...
***********************************************Mark J. MarkusLaw
Office of Mark J. Markus11684 Ventura Blvd. PMB #403Studio City, CA91604-2652(818)509-1173(818)509-1460 (fax)e-mail: bklawr@bklaw.comweb:
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