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Thread: Social Security comes after man for $895 overpayment they made to his mom

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    Social Security comes after man for $895 overpayment they made to his mom

    The government and its long fingers and iron fist at work.

    Just think of how efficient they will be with ObamaKare.

    Imagine if your parent received an over-payment from the government but decades later, the government took the money out of your tax return. Gilbert Stokes, 60, of Jacksonville, said it happened to him.

    Social Security comes after man for $895 overpayment they made to his mom | firstcoastnews.com
    And...

    In 1972, President Richard Nixon cruised to re-election. “The Waltons” premiered on CBS. And Sumner Redstone, who wasn’t yet a global media mogul, made a taxable gift to his children and failed to file a return.


    At least that’s what the Internal Revenue Service is maintaining 41 years later.

    “This is unheard of,” said Richard Behrendt, a former IRS estate and gift tax auditor who is now director of estate planning at Robert W. Baird & Co. Inc. in Milwaukee. “I can’t remember ever hearing of anybody going back 41 years to raise an issue. It’s really unprecedented in my experience.”

    Billionaire Redstone Challenges IRS on Tax for 1972 Gift - Bloomberg
    The Clintons are what happens...
    when you have NO MORAL COMPASS.

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    Re: Social Security comes after man for $895 overpayment they made to his mom

    41 years seems rather bizarre but you must admit, it is amazing that they even found this after all that time.

    The statute of limitations doesn’t apply in cases where no tax return was filed, Behrendt said.

    Wonder why he didn't file? If he had, this would be a moot point. If ObamaCare is this efficient...we'll all be healthy, won't we?

    Quote Originally Posted by zimmer View Post
    The government and its long fingers and iron fist at work.

    Just think of how efficient they will be with ObamaKare.



    And...

  3. #3
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    Re: Social Security comes after man for $895 overpayment they made to his mom

    I'm glad to see that social security is cracking down on these heartless criminals in the most vindictive manner imaginable.
    Either I'm right or you're wrong.

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    Re: Social Security comes after man for $895 overpayment they made to his mom

    Quote Originally Posted by specklebang View Post
    41 years seems rather bizarre but you must admit, it is amazing that they even found this after all that time.

    The statute of limitations doesn’t apply in cases where no tax return was filed, Behrendt said.

    Wonder why he didn't file? If he had, this would be a moot point. If ObamaCare is this efficient...we'll all be healthy, won't we?
    Although I'm not aware of the full extent on this case I'd argue that an SOL defense could be applied in areas that would otherwise force a court to find in favor of the defendant.

    Tim-
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    “Socialism is great until you run out of someone elses money” Margaret Thatcher

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    Re: Social Security comes after man for $895 overpayment they made to his mom

    I believe© that there is no SOL if fraud is involved. Failure to file might be the basis. Without fraud, the limit is 3 years (I think™).


    Quote Originally Posted by Hicup View Post
    Although I'm not aware of the full extent on this case I'd argue that an SOL defense could be applied in areas that would otherwise force a court to find in favor of the defendant.

    Tim-

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    Re: Social Security comes after man for $895 overpayment they made to his mom

    Tax evasion is a crime

    That said, rest assured, if this were not a billionaire involved, this would not be an issue. Either way, I am sure as settlement will be reached at some point. Using minimum wage as the touchstone, that would be $4,055.46 today for whatever it is worth.

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