OT: One for you tax experts
- Thread starter WHCSC
- Start date
I plan on it as long as I have an earned income. You have to have an earned income to contribute to a Roth. So I guess I'm talking about semi-retirement in that regard. When I'm retired for good, I would like to leave my Roth alone as much as possible since it's a great asset to pass on to your kids.
Call the IRS before 7:30am. Used to have to correspond with them frequently when I ran payroll for a smaller O&G company.
They’re nearly impossible to get in contact with outside of super early in the morning.
I’ve prepared taxes professionally about six seasons on & off, but can’t give a definitive answer. Assuming you need as much as possible and this is the only source, my best suggestion is that you request that Fidelity put in writing that they can’t provide the information. Then make a good-faith estimate of your contribution and document how you arrived at it.
I'll go back to one of my earlier suggestions. This is the election/re-election cycle as witnessed by the inundation of political ads, flyers, etc.
You're doing yourself a disservice if you don't call on the incumbent and have them prove their worth IF they want your vote.
Remember they do work for you, this is the time of year to make them do just that.
It just seems so stupid. If the IRS is going to penalize me for taking too much why can’t they tell me how much is not too much? They have to have that number.
I don’t believe they will penalize without proof. You can file and claim whatever contribution you want, and only if they audit or ask for more information would you be on the hot seat. That’s why I recommend you have a documentation of what you believe is correct.
Still no answers on this. We’ve given our elected official permission to investigate on our behalf.
The IRS has to know the number since they’re the one that’s saying that we’re going to get penalties for going over.
My experience lately is that you can't even get to a real person. The last time I did get to somebody, you could hear their dog and kids raising hell in the background. She said she couldn't help me because she didn't "have access to my information". This work from home crap for the IRS HAS to happen. It took 6 months for them to process my return and it took pressure from a US Senator's office for them to take care of it. Back in the day when I had employees I could ALWAYS talk to a real person and like you say, early in the morning was the best. Now I don't think there's even an option in their answering system to get to a real person.
It took 5 or 6 weeks from the time we got the form allowing access for my Senator's office to get action from the IRS but when they did we had a conference call with the Senator's aide and an IRS agent who had the authority to get things done. Document everything. I had mailed 3 letters asking for an explanation for the delay in processing my return and refund. I had a letter from them telling me it would be done by X date which was several months earlier.
Exact opposite of my experience last spring. I spoke to multiple IRS agents and they were very helpful.
The last letters (6 of them at $1 each postage) telling us that they couldn’t help, had a different phone number on it to try. We left a message and hope to get a call back from a human.
More like I'm smart enough to figure out a solution to a problem. I've heard people talk about the lack of IRS agents. So let's just say I didn't call a national line at 2pm.
i fvcking hate the irs.....5 years after we closed our body shop we got a letter stating they didn't get one of our tax payments...this is 5 years after the fact now....we paid every tax bill, never missed a beat...took two fvcking years to straighten out...many letters, tons of phone calls...in the end the irs admitted it was their mistake. but it took 2 fvcking years to get to that point. fvck those guys...cannot think of a worse idea than to hire 88K more, and strap em up. good gawd.
Nor did I. You get an automated system. Twice I actually got a human by calling the numbers on an automated reply. Neither person would or could help me. One was an angry woman who gave me the “intake number” which of course was 800~829~1040. LOL.
I called a local irs office the minute they opened. Like old school ordering concert tickets. They open at 8, I was calling at 7:55. Once you get a live person, it's much easier to get them to forward you on.
Full disclaimer, I was just asking for clarification on a couple forms and a situation where an employer and CPA were incorrectly trying to call my son an independent contractor to avoid SS tax. Your situation sounds more complicated. But I did indeed get help from multiple humans.
We are in the 2nd month of 2025. Subtract 8 from that and tell me if you think that month qualifies as spring, which I clearly stated in my first post.
