The Letter From The Oklahoma Tax Commission Case Report

Attached it is the Letter from the Oklahoma Tax Commission with penalties to date. In my conversations with OTC, they said they would put a lien on the house if we dont pay this. We are still waiting on the IRS response. We have been looking back at the turn of events, not about pointing fingers, but just trying to understand what fell apart and created this situation. Nothing wanting to issue blame, but trying to understand. Owing OTC almost $1000 with penalty and the IRS over $5000 pending penalties is understandably overwhelming financially for us. We dont know what to do, if OTC or the IRS comes after us, or garnishes Kathys check, it would lead to devastating situation for us, likely cost Kathy her job, etc. Looking Back;†¦show more content†¦This was also the first year Kandace filed with her husband and was not a dependent for us. We also admit, that the rapport and trust we have in you over the years made us a little complacent. We did not thoroughly double check the information we received from Hinkle (but we didnt have a lot of information to review, we turned over all the original documents over the Hinkle), so we dont know what was scanned; nor what was or could be missing. Thusly; processing of our taxes was different that what we had done in the past. Additionally it was Hinkle that signed the final 1040 forms in lieu of you. Again, a lot of newness and change. We went back and reviewed the questionnaire that you historically send out each tax season. We see some places that we could have addressed more thoroughly. After going through this, I would like to offer suggestions to help omit these type of problems in the future for Hinkle. 1) In the Questionnaire, have a question: Did you change jobs or take on additional employment this year. If Yes, W-2, 1099 or to be claimed? 2) Did you lose a dependent through â€Å"aging out† or â€Å"death† or â€Å"another reason†? 3) Did you have a change in â€Å"Health Care Insurance†? (not sure how much longer this is going to apply) Scanning is great, but it can beShow MoreRelatedFracking4932 Words   |  20 Pagesof shale gas has reduced energy prices over the last five years and has increased U.S. energy self-sufficiency. Since it is viewed as a relatively clean form of hydrocarbon-based energy, natural gas is an excellent way for the U.S. to bridge itself from current reliance on non-renewable natural resources to sustainable forms of renewable energy such as wind and solar power. The economic benefits of extracting shale gas with hydraulic fracturing are compelling. However, the environmental costs ofRead MoreHow to Start a Child Support Recovery Business13852 Words   |  56 PagesHOW TO START A CHILD SUPPORT PAYMENT RECOVERY BUSINESS From Your Kitchen Table By Phyllis M. 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