re: Which bank transactions must be reported to the Feds?

quote:

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Thankfully, I kept the IRS person's ID # who I talked to and was able to use that information in describing my conversation and why I did what I did on reporting the income.

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Russian, that's probably the greatest advice posted on the MT in awhile.

Sometimes it's easy to not take the time to ask those questions and make good notes of what went on in the call, but it's crucial.

I had similar experience and the fact that I had documented who I talked to and what specifically was discussed, in my opinion, was HUGE to having the IRS proceed reasonably.

In hindsight, telling them "I talked to Agent # 76187389764 who's name was Mrs Smith at 4:14 pm on 01/01/1980" instead of saying "I talked to one of your own people back in January!" was a HUGE "framing" point.

By "framing", I mean it framed the discussion as professional and "all bases covered" as opposed to "yeah I'm pretty sure I did the right thing".