re: Got a letter from the IRS that pisses me off

They want $3200 from me. But it's employment taxes. We had a bookkeeper that wasn't paying taxes or filing last year($900 in employment taxes and fricking $2300 in late filing and late payment fees). For a small business that is barely breaking even each month that is hard to come up with. I have begged them to let me set up a payment plan of like $1k a month but they just won't do it. They'd rather put a lien on business property than let me pay it off.

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Yep, I got one for $25k last week. Called my cpa Mon and we are now having to go back and figure out the cost basis. I switched advisors in 2010 and they sold a mutual fund which I didn't even remember.

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So your CPA just didn't report these dispositions with your return?

Ok, so I called up the securities office and was able to obtain a 2010 Tax and Year End Statement (which includes a section for 2010 1099-DIV info, Schedule of Realized Gains and Losses, and at the end of the document has the Cost Basis and Proceeds from the transactions).

I think this is all I need, but does it matter that I pulled my money out of the securities and into my savings account at the bank? Do I need to get the transferred in amount from my bank for this? I'm assuming no, but just wanting to get all the info needed to my CPA.

Any other guidance? Thanks Money gurus.

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He said he switched advisors - as a CPA, if he has had investment activity in the past, then I am going to ask about investment activity in the current year.

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i think he meant he switched investment advisors.

i'm not arguing with you, but i'm sure his cpa asked him if he had any capital transactions.
if he forgot, then he obviously didn't tell his cpa