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<p>[QUOTE=&quot;Jim Dale, post: 24587137, member: 100459&quot;]I have a friend that won a new truck. (This happened over 20 years ago.)&nbsp; Anyway, they got a statement from the dealership that they would have to pay the taxes for the &quot;fair market value of the truck.)&nbsp; They sold the new truck and paid the taxes on the truck they won.&nbsp; With their winnings, they paid off their older truck and did some work on their home.&nbsp; She came to me to find out what to do because I was the Internal Auditor for the University we both worked for.&nbsp; </p><p>Later, my wife was talking to the custodian of the building she worked in.&nbsp; It seems that the custodian got a letter from the IRS telling the custodian that after they reviewed his tax report and found some discrepancy in his return.&nbsp; I told my wife that I would look at it.&nbsp; I found that his tax returns were not correct and they disallowed several items amounting taxes due for several years and he owed over $10,000.&nbsp; When I asked who prepared his taxes he told me.&nbsp; He said he couldn&#039;t understand why he had to pay the taxes.&nbsp; He told me who filled out the tax reports and he told me.&nbsp; He said he couldn&#039;t understand why there was a problem, that the tax preparer was a &quot;Notary Public&quot;.&nbsp; I had to hold my breath not to laugh until I got into my car.&nbsp; I finally told him I would speak to the agent whose case it was.&nbsp; When I called the agent, I told her what had happened.&nbsp; The custodian only had a GED and really didn&#039;t know what to do.&nbsp; I asked the agent if she would see what she could do.&nbsp; A couple a days later.&nbsp; She said that she took off all of the penalties and interest and if he would file an amended return, he would only have to pay about $5,000.&nbsp; He asked me how much he owed me, I told him I was not a tax accountant (thank God!!)&nbsp; Luckily, he did everything I told him to do.&nbsp; I never saw him again. (Anotehr thank God!)[/QUOTE]</p><p><br /></p>

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