violation of irs rules?

[CarrieW]

I wanted to know if anyone knows just how much trouble someone can get in by not doing things in the appropriate time frames.

from what I understand all tax forms must be sent out by employers by 1/31.

a little background.

when we moved Lennys old job in pa had 401k profit sharing.

we got the paperwork to fill out for the 401k cashout in march of 07. filled it in and sent it back in april. we didnt get the distribution untill january 08. the check was dated 12/31. it was a generic company check with no stub. we had no idea what the original distribution was for. there was taxes withheld and also a fee for the manager of the fund. so all we got was a check. no info at all.

today in the mail I got the 1099-r from his former employer. it was mailed(by the post office stamp) on 3/27/08. it was forwarded from our old address on 4/9/08.

I just had to redo our taxes to include this income.

Is there anything I can do about this? the guy is a real tool and I know he did this purposely. Id really like to get him fined or something.

 

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[Diane Kennedy]

$50 penalty for late file of the form AND a prime example of why it's better to extend your tax return.

 

[CarrieW]

yeah thank goodness I havent filed yet. I did them yesterday but needed to make a deposit before I could file.(to pay for turbotax online)

thank goodness it came today instead of tommorow lol.

$50 fine tho. that sucks. I was hoping it was more. when dh gets home I will find out if he wants to report him or not.

is it $50 per offence? like if he sent everyones out late is it $50 per taxpayer or just $50 total?

thanks for the info Diane!

 

[PEERless]

a prime example of why it's better to extend your tax return.

Do you always file extensions?

 

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[bflbob]

$50 per employee.

But why waste the energy when you have so many better things to do?

 

[PEERless]

True. He's a jerk, but those are everywhere. You got your info, and you got it in time. He lost karma points. That's worse than $50, IMHO.

 

[Diane Kennedy]

yeah thank goodness I havent filed yet. I did them yesterday but needed to make a deposit before I could file.(to pay for turbotax online)

thank goodness it came today instead of tommorow lol.

$50 fine tho. that sucks. I was hoping it was more. when dh gets home I will find out if he wants to report him or not.

is it $50 per offence? like if he sent everyones out late is it $50 per taxpayer or just $50 total?

thanks for the info Diane!

Carrie, it's $50 per form. And actually, I bet he's already caught. He's supposed to file them the government at the same time. So unless he was just sitting on yours and mailed everybody else's, including the government, they already know and he's already been fined.

 

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[CarrieW]

I am going to try to fnd out. Lenny still talks to a bunch of the guys that still work for him as well as another guy who left just before lenny did so we will find out who got what when.

the guy that left before Lenny got his papers the same time we did and got his money in june whereas we got ours in january 08. I can pretty much guarantee that everyone else got there tax info when they were supposed to. he just sat on ours.

I will post an update when I find out for sure.

thanks for the information!

 

[bflbob]

Carrie, it's $50 per form. And actually, I bet he's already caught. He's supposed to file them the government at the same time. So unless he was just sitting on yours and mailed everybody else's, including the government, they already know and he's already been fined.

Diane:

Is the requirement different for 1099-R?
I just filed the 1099's for 10 of our companies electronically (fire.gov?).
My deadline was 3/31/08 for those.

 

[andviv]

$50 per employee.
But why waste the energy when you have so many better things to do?

I don't agree. Go after him and make him suffer and pay for what he's done. That is the only way to get rid of these $$@$#@%#$@%$%# so our system/society improves.
He did it because he is either reckless or incompetent so in any case he should not be doing this anymore. If you don't help to get him out of the system then who will? How many more people (even yourself down the road) will have to suffer him again and again?

 

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[CarrieW]

from what I understand even tho you have untill 3/31 to file with the irs. the notices need to be sent to employees by 1/31.

 

[PEERless]

I don't agree. Go after him and make him suffer and pay for what he's done. That is the only way to get rid of these $$@$#@%#$@%$%# so our system/society improves.
He did it because he is either reckless or incompetent so in any case he should not be doing this anymore. If you don't help to get him out of the system then who will? How many more people (even yourself down the road) will have to suffer him again and again?

No way. $50 in not worth it. It's not enough of a punishment for anyone, and it won't get anyone kicked out of society. Don't work with him anymore, and that's that.

 

[CarrieW]

as I am sure most of you already know I like to have the last word lol.

Its not the point of how much the fine is, its that I believe what he did was intentional. dont poke the bear unless your prepared to be attacked.

Lenny doesnt do anymore work for him. he stopped working for him in 10/06. this was a 401k distribution. the ties are severed now with obvious bad feelings on his part.(if he had treated his employees right Lenny would never have left. its a long sortid story what happened at the company and its why alot of people left)

He knows how I am. I like to have a budget and have all my ducks in a row. he knows that I pay attention to the details. I caught so many mistakes in Lennys paychecks over the years it was disgusting.

this was his last ditch attempt to screw with me. now If I report him I get the last word.

sure it wont break his business to pay a $50 fine. but the amount of aggrivation that he knows I caused is worth it to me lol. but as it is Lennys old job I will give him the final say on what we do here.

 

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[PEERless]

Anyone need an eye? Someone took mine, so I took his, but I don't know what to do with it...

 

[andviv]

agreed, it is not about the fine. It is about reporting this guy and making sure he stops screwing people. Or at least making him know that people are watching him and that is just not right to treat people like that.
and again, if he keeps doing what he is doing and nobody stops him then how do you know you are not going to be the next one being screwed by him or others in the same "club"?