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Posted by TaxPayer on March 21, 2007, 1:27 pm
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>>> I called them again but they are refusing to do
>>> anything, on the grounds that the 2005 return is also late
>>> (although I have received no other communication about this
>>> return).
>>>
>>> Do I have an argument for rescinding the backup withholding
>>> because the notice very specifically refers to 2004 (and
>>> should not have even been sent out), and is there some IRS
>>> termininology I can use to make this argument?
>> Getting off the BWH program requires full compliance &
>> remedy of the root cause, as well as current compliance file
>> the 2005 & 2006 as soon as practical,
>>
>> On 10/15/2007 the annual SWEEP of the master file will
>> verify that your in full compliance, and you will be dropped
>> from the BWH program on 1/1/2008, at which point your bank
>> will be able to stop the W/H.
>>
>> There are solutions to STOP the process sooner, --IF-- you
>> are in a HARDSHIP situation.
> My point is that I am already in compliance with the terms
> of the notice. In any case they said the notice had been
> sent out in error, and that it had a "stop put on".
> Interesting that I have only received notices from a couple
> of banks, nothing from my brokerage account and no
> withholding this month either.
The IRS appears to have resolved this issue, and approved my
request to stop backup withholding.
I wrote a polite letter to them stating the the backup
witholding notice had already been 'satisfied' before the
notice had been sent out and that the agent I spoke to told
me that a 'stop' had been put on the notice.
I have not received any more notices from banks indicating
that backup withholding had been imposed. It is almost as if
the IRS got partly through the process of send these notices
out and then stopped.
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