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Unidentified Speaker, -
THANK YOU. IT HOST: TAXES ARE DUE TOMORROW NIGHT AT MIDNIGHT.
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| 00:00:15 |
Casey, Libby - Host
WHAT IS THE BIGGEST PROBLEM WITH THE AMERICAN TAX CODE?
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| 00:00:18 |
Olson, Nina E. - National Taxpayer Advocate
GUEST: ITS COMPLEXITY. I THINK THAT IS WHAT PRESENTS THE MOST DIFFICULTY FOR TAXPAYERS IS REALLY TRYING TO FIGURE OUT
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| 00:00:26 |
Olson, Nina E. - National Taxpayer Advocate
WHETHER THEY HAVE THE RIGHT ANSWER OR NOT ON THEIR INCOME TAX RETURN. THE COMPLEXITY CAUSES THAT. HOST: YOU ARE BASICALLY IN THE IRS AND HAVE A LOT OF...
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| 00:00:41 |
Casey, Libby - Host
DO YOU DO AS A CODE TALKER? GUEST: MY JOB WAS CREATED BY CONGRESS. IT REQUIRES ME TO BE THE VOICE OF THE TAXPAYER INSIDE THE IRS. THERE ARE FOUR PRONGS...
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| 00:00:53 |
Olson, Nina E. - National Taxpayer Advocate
OFFICE TO HELP TAXPAYERS ALL THEIR PROBLEMS WITH THE IRS, THEN IDENTIFY THE ADMINISTRATIVE AND LEGISLATIVE CAUSES FOR THOSE PROBLEMS, AND THEN MAKE RECOMMENDATIONS...
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| 00:01:13 |
Casey, Libby - Host
THINK THERE'S ANYTHING IN PARTICULAR THIS YEAR. LAST YEAR WE HAD A LOT OF PROBLEMS WITH THE FIRST-TIME HOMEBUYER CREDIT. THIS YEAR I THINK THE
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| 00:01:20 |
Olson, Nina E. - National Taxpayer Advocate
PROBLEM TAXPAYERS HAVE EXPERIENCE ARE SOME OF THE DELAYS IN REFUNDS THAT HAVE TO DO WITH SOME OF THE PROCESSING GLITCHES WE HAD. HOST: IF YOU HAVE QUESTIONS...
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| 00:01:34 |
Casey, Libby - Host
PHONE NUMBERS TO CALL -- WE WILL ALSO PUT ON OUR SCREEN THE PHONE NUMBER FOR THE IRS ADVOCATE HOTLINE. HOW DO PEOPLE COME ABOUT GETTING A HOLD OF YOU...
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| 00:02:02 |
Olson, Nina E. - National Taxpayer Advocate
OR ABOUT TO DO A GOOD CAUSE YOU ECONOMIC PROBLEMS. SERIOUS ECONOMIC PROBLEMS LIKE LEVYING ON YOUR BANK ACCOUNT, GARNISHING YOUR WAGES AND YOU CANNOT...
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| 00:02:44 |
Casey, Libby - Host
THAT'S BACK IN 1913, ABOUT 400 PAGES NOW. 73,000 IN 2012. GUEST: THERE REALLY WERE ONLY A FEW THOUSAND TAXPAYERS BACK IN 1913. IT
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| 00:03:05 |
Olson, Nina E. - National Taxpayer Advocate
IS ABOUT 353,000. IT EXPANDED IN 1944 WHEN WE GOT WITHHOLDING IN THE RAMP UP TO THE WAR EFFORT TO WAR 43 MILLION. TODAY WE HAVE 141 MILLION. I GUESS...
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| 00:03:49 |
Casey, Libby - Host
I RECENTLY HAD SOME INTERACTION WITH YOUR OFFICE AND AM WAITING FOR
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| 00:03:54 |
CALLER, -
A RESPONSE. MY FIRST EXPERIENCE WITH YOUR OFFICE WAS AWESOME WITH YOUR OFFICE OUT OF DENVER, COLORADO. I'M NOT ONE OF THESE ONES THAT BE DRAWN TO SAY...
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| 00:05:06 |
Casey, Libby - Host
AGENCY? CALLER: I HAD AN ISSUE
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| 00:05:09 |
CALLER, -
IN 2006 WHERE THEY ASKED ME TO BE AUDITED.
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| 00:05:12 |
Casey, Libby - Host
I EVEN TRIED TO E-MAIL MS.
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| 00:05:17 |
CALLER, -
OLSON. MY ISSUE IS I WAS NOT ABLE TO MAKE MY AUDIT DATE AND I'M BEGGING FOR AN AUDIT. I AM SAYING PLEASE COME TO AUDIT ME SO I CAN PUT THIS ISSUE BEHIND...
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| 00:05:44 |
Olson, Nina E. - National Taxpayer Advocate
PHONES CONFIRMATION SO I CAN GET BACK TO YOU OR MY STAFF CAN GET BACK TO YOU PERSONALLY. I'M SORRY THAT YOU'VE HAD A DIFFICULT TIME. I WILL RESPOND...
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| 00:08:41 |
Casey, Libby - Host
IS WOULD IT NOT GREATLY SIMPLIFY THE TAX CODE IF THE CORPORATE INCOME TAX WAS COMPLETELY ELIMINATED?
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| 00:08:48 |
CALLER, -
AND ALL INTEREST, DIVIDENDS, CAPITAL GAINS BE TAXED AS INCOME? AND THE FAIRNESS ISSUE WOULD GO AWAY AND WE WOULD HAVE A BETTER ECONOMY BECAUSE CORPORATIONS...
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| 00:09:15 |
Olson, Nina E. - National Taxpayer Advocate
IN THE CORPORATE AND INDIVIDUAL INCOME TAX. IN FACT, THERE IS A TYPE OF CORPORATION IN A LOT TODAY. THE SUBCHAPTER S INCOME WHERE ALL THE INCOME AND LOSSES...
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| 00:10:29 |
Casey, Libby - Host
SOME OF THE PROVISIONS ARE MAYBE TECHNICAL CORRECTIONS, BUT OTHERS ARE VERY
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| 00:10:39 |
Olson, Nina E. - National Taxpayer Advocate
TINY LITTLE SPECIFIC PROVISIONS THAT ADDRESS'S SOME NEED-- SOME GROUP'S NEED AND THERE ARE A LOT OF GROUPS. HOST: MARJORIE IS CALLING FROM PITTSBURG....
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| 00:10:59 |
Casey, Libby - Host
TAXES, ALTHOUGH THAT MAY SOUND STRANGE. I RECEIVE A LOT OF
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| 00:11:02 |
CALLER, -
MY INCOME FOR DIVIDENDS, MAYBE 40%. IF YOU WORK THE QUALIFIED DIVIDEND'S WORKSHEET, YOU COME OUT WITH A MUCH LOWER TAX RATE. I DON'T THINK THAT IS FAIR....
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| 00:12:07 |
Casey, Libby - Host
MAKES IT DIFFICULT FOR THE IRS TO TREAT TAXPAYERS WELL, BECAUSE IT IS SO COMPLICATED. THE ISSUE THAT YOU RAISED IS REALLY ABOUT SHOULD YOU PAY A HIGHER...
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| 00:13:05 |
Casey, Libby - Host
ORGANIZATION WITHIN THE IRS THAN HELPS AMERICANS. TAXES TODAY IS A HOLIDAY IN THE DISTRICT OF COLUMBIA. D.C. MAYOR VINCENT GRAY AND DELIVERED A SPEECH...
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| 00:13:55 |
Olson, Nina E. - National Taxpayer Advocate
THE END OF THE FILING SEASON IF AND THAT IS USUALLY THE PEOPLE WHO OWE TAXES. THEY TEND TO WAIT UNTIL THE LAST MINUTE. AND THEN WHAT WE NOW HAVE IS...
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| 00:14:34 |
Casey, Libby - Host
DETAILS-- -- HERE ARE SOME DETAILS THAT IT POINTS OUT -- GUEST: THAT WAS THE GOVERNMENT ACCOUNTABILITY OFFICE. THEY DID A REALLY INTERESTING SHOPPING...
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| 00:14:58 |
Olson, Nina E. - National Taxpayer Advocate
19 PREPARERS. SOME OF THE SCENARIOS REALLY INVOLVED PEOPLE HAVING SOME CASH IN COME AND THEY ASKED THE APPAREL WHETHER THEY NEEDED TO REPORT THAT INCUMBENTS....
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| 00:16:23 |
Casey, Libby - Host
SORT OF A TREND THAT HAS OCCURRED OVER THE YEARS, THAT PEOPLE
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| 00:16:26 |
Olson, Nina E. - National Taxpayer Advocate
HAVE NOT REMARKED ON MUCH. IF WHICH IS THAT WE -- PART OF OUR HIGH COMPLIANCE RATE, WE HAVE A COMPLIANCE RATE OF 83.6%. THAT IS THE BEST ESTIMATE THAT...
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| 00:17:39 |
Casey, Libby - Host
YOUR INDEPENDENCE AND THE FACT SOMETIMES YOU RAISE THINGS THAT PEOPLE AT THE IRS AND IN THE WHITE HOUSE AND IN CONGRESS DON'T REALLY WANT TO TALK ABOUT....
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| 00:17:57 |
Olson, Nina E. - National Taxpayer Advocate
I CAME INTO THIS JOB THINKING THAT I HAD A GREAT DEAL OF EXPERIENCE WITH TAXPAYERS AND WHAT I REALLY NEEDED TO DO WAS CONTINUE TO LISTEN TO THEM. AND...
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| 00:18:49 |
Casey, Libby - Host
THE IRIS AND LEADS THE AND NATIONWIDE ORGANIZATION OF ABOUT 200 TAXPAYER ADVOCATES WHO HELP AMERICANS RESOLVE THEIR TAX PROBLEMS AND ALSO WORKS WITH...
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| 00:19:34 |
CALLER, -
SEIZE HIS PROPERTY. HE TOOK THEM TO FEDERAL COURT AND WON A JUDGMENT SIX YEARS AGO. IT SAID THAT FOR ANYONE, INCLUDING THE GOVERNMENT OR EVEN THE IRS...
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| 00:20:33 |
Olson, Nina E. - National Taxpayer Advocate
SEIZURE OF TANGIBLE PROPERTY, REAL PROPERTY, OTHER THAN A LEVEE, BUT THEY DID AFTER GOETHE FEDERAL DISTRICT COURT. THERE IS AN ADMINISTRATIVE FORECLOSURE...
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| 00:22:43 |
Casey, Libby - Host
200 SOME ODD MILLION DOLLARS, CLOSE TO $300 MILLION. I HAVE 2000 EMPLOYEES THROUGHOUT THE UNITED STATES. I
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| 00:22:51 |
Olson, Nina E. - National Taxpayer Advocate
HAVE 75 OFFICES. CONGRESS REQUIRED US TO HAVE ONE OFFICE IN EACH STATE. SINCE SOME OF THE STATES ARE LARGER STATES LIKE TEXAS, CALIFORNIA, NEW YORK,...
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| 00:23:15 |
Casey, Libby - Host
GUEST: I THINK THAT IS JUST A COMPLETE MISCONCEPTION OF WHO MAKES THE LAWS. I'VE HAD PEOPLE TO SAY IT
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| 00:23:32 |
Olson, Nina E. - National Taxpayer Advocate
SAY"THE IRS CODE." I SAY, DO YOU HONESTLY THINK THE IRS WOULD WRITE A CODE LIKE THIS? IT IS VERY DIFFICULT TO ADMINISTER. THE PRESIDENT PROPOSES LAWS,...
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| 00:25:00 |
Casey, Libby - Host
LOT OF THE BANKS THAT PEOPLE HAVE -- ANGST THAT PEOPLE
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| 00:25:07 |
Unidentified Speaker, -
HAVE -- YOU HAVE A HISTORY, AND HAVING IT JUMBLE LIST AND A JUMBLE THAT, I WASN'T NERVOUS ABOUT IT, BECAUSE THE TAX PREPARER KNOWS MY HISTORY AND I TRUST...
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| 00:26:27 |
Casey, Libby - Host
GUEST: THERE ARE VERY FEW OFFICE EXAMS WHERE YOU GO TO THE IRS OFFICE OR THE IRS COMES OUT TO YOU.
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| 00:26:38 |
Olson, Nina E. - National Taxpayer Advocate
70% OF INDIVIDUAL ON ITS -- 78% OF INDIVIDUAL AUDITS EACH YEAR A DONE BY CORRESPONDENCE. YOU ARE SITTING DOWN AT A TABLE AND SOMEBODY IS LOOKING AT YOUR...
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| 00:28:54 |
Casey, Libby - Host
SEEN MRS. OLSON A NUMBER OF TIMES,
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| 00:29:05 |
CALLER, -
BUT MY REPRESENTATIVE -- I WAS ASSIGNED TO A PERSON IN JACKSONVILLE WHO DESERVES ACCOLADES, BECAUSE I HAD CALLED THE TAX OFFICE, AND I DIDN'T GET ANY...
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| 00:29:57 |
Olson, Nina E. - National Taxpayer Advocate
THEY ARE SUPPOSED TO HELP SOLVE THE PROBLEMS BEFORE THEY COME TO US, IF THEY CAN. I AM GLAD YOU GOT HELP. A LOT OF OUR CASES COME FROM CONGRESSIONAL...
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| 00:30:45 |
Casey, Libby - Host
1-877-275-8271 IS THE NUMBER FOR THE IRS THAT ITS CASE LINE. BILL, GOOD MORNING. CALLER: I REALLY DON'T HAVE ANY BEEF. WHAT'S THE POINT? I'M
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| 00:31:04 |
CALLER, -
JUST ONE OF THESE FELLOWS, AND THERE ARE A LOT OF WEST AROUND THE COUNTRY, RESIGNED TO OUR FATE. AS FAR AS THE TAX CODE ITSELF, HOW ARE WE GOING TO UNTANGLE...
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| 00:32:16 |
Casey, Libby - Host
IT IS EVEN HARD FOR YOU. GUEST: I DO DO MY OWN TAXES AND I DO RETURNS FOR FAMILY MEMBERS. THE ISSUE OF TAX REFORM --
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| 00:32:33 |
Olson, Nina E. - National Taxpayer Advocate
WE CAN TAKE A LOT OF LESSONS FROM 1986. IT TOOK ABOUT SIX YEARS OF HARD WORK AND INTENSIVE WORK. PUTTING OUT PLANS AND GETTING THE PLANS SHOT DOWN,...
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| 00:35:24 |
Casey, Libby - Host
OUT ALONG THE LINES OF WHAT YOU DID -- THE THREE JUDGES ARE HEALTH INSURANCE, MORTGAGE INTEREST RATES, -- THREE LARGEST ARE HEALTH INSURANCE, MORTGAGE...
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| 00:36:09 |
Unidentified Speaker, -
IS IT? >> OF COURSE YOU CAN DO THAT IN AN ELECTION YEAR. THEY JUST NEED
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| 00:36:15 |
Unidentified Speaker, -
TO BE WILLING TO DO THAT. THERE NEEDS TO BE A
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| 00:36:19 |
Unidentified Speaker, -
STRONG SENATE COMING IN DURING THE LAME-DUCK SESSION AND PUT IN FISCAL REFORMS OVER THE LONG RUN THAT WILL PREVENT DAMAGE TO THE ECONOMY. HOST: SECRETARY...
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| 00:36:40 |
Casey, Libby - Host
WE DON'T KNOW HOW IT IS GOING TO TURN OUT YET. GUEST: THESE EXPIRING PROVISIONS OCCUR EVERY SINGLE YEAR. WHAT HAS EVENTUALLY HAPPEN IS THAT ON
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| 00:36:55 |
Olson, Nina E. - National Taxpayer Advocate
DECEMBER 27, CONGRESS PASSED THE EXTENDER BILL. THE IRS IS NOT ABLE TO PROGRAM ITS COMPUTER FOR -- WE ARE DESIGNING OUR FORMS AND IDEAS BACK IN SEPTEMBER...
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| 00:37:44 |
Casey, Libby - Host
IN 2010,
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| 00:37:49 |
CALLER, -
CORRECTMY WIFE AND I DID ADD DIRECT TRANSFER TO IRA MONEY. IT WAS A 1099-R FORM WE SENT IN. I TOOK DIRECT DISTRIBUTIONS AND THEY WANT ME TO PAY TAXES...
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| 00:38:40 |
Casey, Libby - Host
1099 AND SEE IF ALL THE BOXES WERE CORRECTLY CHECKED. THE IRS AND DEPENDS ON THE COMPUTER MATCHING
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| 00:38:48 |
Olson, Nina E. - National Taxpayer Advocate
SYSTEM. THE BURDEN FALLS ON THE TAXPAYER TO SEND IN ALL THE DOCUMENTATION AND THEN THEY DON'T HEAR ANYTHING FOR A WHILE. YOU CAN CALL AND SAY THAT YOU...
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| 00:40:02 |
Olson, Nina E. - National Taxpayer Advocate
RATE, AND IT IS WANT PERCENTAGE POINT LESS THAN THE INTEREST RATE WE CHARGE YOU. HOST: NINA OLSON, THANK YOU SO MUCH FOR JOINING US. SHE IS THE TAXPAYER...
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| 00:40:19 |
Casey, Libby - Host
FOR THE UNITED STATES,. COMING UP, WE WILL BE LOOKING AT THE WEEKLY "YOUR MONEY"
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.