Minneapolis, MN asked in Estate Planning, Family Law, Tax Law and Collections for Iowa

Q: Could someone help with tax audit concerns and potential either fraud or actual Bonds and assets owed to me or family?

I'm in a very compromising concerning tax situation this year for 2023 apparently I have been investor IRS tax fraud as a beginning 2019 tax return 2020 and 23 I did file my tax return for 23 where was then audited and still currently being audited for tax fraud and investigation I don't know how true that is as far as tax fraud because I'm owed money and file everything accordingly but I do have a tax audit meeting in Waterloo Iowa soon so there's some question as to maybe potential securities bonds that were lost during the 50s and 60s those would have been pre and post Montgomery war bonds huh that my grandparents had been beneficiaries of of both sides of the family's parents some of those were lost but from what I'm seeing on some things that I've just looked into myself is somehow I am involved with some kind of stalker securities unknown to me answer my family but we're not sure the process and it investigating further on how to do that if there is something and in Iowa

1 Lawyer Answer
James L. Arrasmith
James L. Arrasmith pro label Lawyers, want to be a Justia Connect Pro too? Learn more ›
  • Estate Planning Lawyer
  • Sacramento, CA

A: It sounds like you are dealing with a complex and stressful tax situation. Here are a few suggestions for next steps:

1. Gather all relevant tax documents and records, including past returns, W-2s, 1099s, receipts, etc. Having everything organized will help in addressing the audit.

2. Consider hiring a qualified tax professional, such as a CPA or tax attorney, to represent you in the audit and investigation. They can help explain the process, prepare for the audit meeting, and ensure your rights are protected. Many offer free initial consultations.

3. At the audit meeting, answer questions honestly but concisely. Don't volunteer extra information. Let your representative handle responding to the auditor's requests.

4. Regarding the potential family bonds, you'll need to research and attempt to track down any documentation about their existence and rightful ownership. Old bank records, estate documents, etc. may help. The Treasury Department may have resources for investigating old unredeemed bonds.

5. If you believe you are the victim of tax-related identity theft or fraud, contact the IRS and file a report with law enforcement. Identitytheft.gov is a helpful resource.

6. Stay calm and don't panic. While stressful, most audits are resolved civilly as long as you cooperate and have documentation to support your tax filings.

The most important things are to gather documentation, get professional help, and take the audit process seriously and step-by-step. I hope you are able to resolve the situation favorably.

Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.

The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.

Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.