Author Topic: Amex F/R Master Thread (Read 2132512 times)

Aj3042 · « **Reply #3700 on:** March 11, 2015, 04:23:37 PM »

Quote from: SrulyP on March 11, 2015, 04:11:18 PM

I guess if anyone can answer this it would help me: Can I at least talk to them to see what I need or must i cancel everything right away?

I don't think it's an issue to talk to them. But let's see if people agree with me.

Boruch999 · « **Reply #3701 on:** March 11, 2015, 05:31:56 PM »

You can certainly talk to them. They will ask you for documents. You can then decide if you want to try and supply the requested docs or close the cards.

Aj3042 · « **Reply #3702 on:** March 11, 2015, 05:47:39 PM »

Quote from: Boruch999 on March 11, 2015, 05:31:56 PM

You can certainly talk to them. They will ask you for documents. You can then decide if you want to try and supply the requested docs or close the cards.

Ok we have someone's haskamah.

yoshi · « **Reply #3703 on:** March 11, 2015, 07:26:39 PM »

In your humble opinion (DDF members) are there any downsides to filling taxes of an amount less than having to legally pay tax? (I'm not officially a resident of usa, although I am American)

noturbizniss · « **Reply #3704 on:** March 11, 2015, 07:52:52 PM »

Quote from: yoshi on March 11, 2015, 07:26:39 PM

In your humble opinion (DDF members) are there any downsides to filling taxes of an amount less than having to legally pay tax? (I'm not officially a resident of usa, although I am American)

Audit.?

hvaces42 · « **Reply #3705 on:** March 11, 2015, 07:59:17 PM »

Quote from: noturbizniss on March 11, 2015, 07:52:52 PM

Audit.?

Thats all you got? Tax fraud is the bigger 800lb gorilla methinks.

SrulyP · « **Reply #3706 on:** March 11, 2015, 08:18:55 PM »

Quote from: Aj3042 on March 11, 2015, 05:47:39 PM

Ok we have someone's haskamah.

Quote from: Aj3042 on March 11, 2015, 05:47:39 PM

Ok we have someone's haskamah.

I will call and see what i can do, has anyone heard of one card escaping FR?

Aj3042 · « **Reply #3707 on:** March 11, 2015, 08:20:21 PM »

Quote from: SrulyP on March 11, 2015, 08:18:55 PM

I will call and see what i can do, has anyone heard of one card escaping FR?

-1 from me.

noturbizniss · « **Reply #3708 on:** March 11, 2015, 09:12:29 PM »

Quote from: hvaces42 on March 11, 2015, 07:59:17 PM

Thats all you got? Tax fraud is the bigger 800lb gorilla methinks.

That was my unsaid implication. If no audit then not get caught for fraud. If audit then busted.

Boruch999 · « **Reply #3709 on:** March 12, 2015, 03:31:25 AM »

Quote from: yoshi on March 11, 2015, 07:26:39 PM

In your humble opinion (DDF members) are there any downsides to filling taxes of an amount less than having to legally pay tax? (I'm not officially a resident of usa, although I am American)

Quote from: noturbizniss on March 11, 2015, 07:52:52 PM

Audit.?

Quote from: hvaces42 on March 11, 2015, 07:59:17 PM

Thats all you got? Tax fraud is the bigger 800lb gorilla methinks.

Quote from: noturbizniss on March 11, 2015, 09:12:29 PM

That was my unsaid implication. If no audit then not get caught for fraud. If audit then busted.

I think you all may have misunderstood the OPs Q. I think he is asking if there is any downside in reporting income that is below the tax threshold. Meaning he really only makes that much. The upside is the child tax credit. He is wondering if there is any downside.

I would say that it probably increases the risk of getting audited from very near to zero if he doesn't file to a little further from zero if he does. If he does get audited, it's a hassle, but he's not busted cuz everything is legit.

yoshi · « **Reply #3710 on:** March 12, 2015, 03:38:30 AM »

I think most people can prove that they made $7k in a year. Just need to show bank account details. Or say that you just made a little money here and there which totaled in a rough estimate of roughly $7k. My question is, if an audit ch"v occurs can they see cc applications and what was said on reported income?

noturbizniss · « **Reply #3711 on:** March 12, 2015, 06:34:15 AM »

Quote from: yoshi on March 12, 2015, 03:38:30 AM

I think most people can prove that they made $7k in a year. Just need to show bank account details. Or say that you just made a little money here and there which totaled in a rough estimate of roughly $7k. My question is, if an audit ch"v occurs can they see cc applications and what was said on reported income?

No

SrulyP · « **Reply #3712 on:** March 12, 2015, 03:08:06 PM »

Baruch Hashem! I spoke to them and all is well. They didnt want any docs sent they were happy to just talk!!!!! HUGE RELIEF!

Malachi · « **Reply #3713 on:** March 12, 2015, 03:11:04 PM »

Quote from: SrulyP on March 12, 2015, 03:08:06 PM

Baruch Hashem! I spoke to them and all is well. They didnt want any docs sent they were happy to just talk!!!!! HUGE RELIEF!

Good for you man. I dread a F/R so much it's probably a disorder at this point.

Aj3042 · « **Reply #3714 on:** March 12, 2015, 03:14:21 PM »

Quote from: SrulyP on March 12, 2015, 03:08:06 PM

Baruch Hashem! I spoke to them and all is well. They didnt want any docs sent they were happy to just talk!!!!! HUGE RELIEF!

Well that's what we call mini FR.

Aj3042 · « **Reply #3715 on:** March 12, 2015, 03:15:30 PM »

Quote from: Malachi on March 12, 2015, 03:11:04 PM

Good for you man. I dread a F/R so much it's probably a disorder at this point.

Yes it's called FR-obia.

yitzf · « **Reply #3716 on:** March 12, 2015, 03:59:39 PM »

Quote from: SrulyP on March 12, 2015, 03:08:06 PM

Baruch Hashem! I spoke to them and all is well. They didnt want any docs sent they were happy to just talk!!!!! HUGE RELIEF!

Just saw you original post.
When they request your tax transcript, it gives the total income and is not broken down by husband/wife. If one of you has income you both should be able to pass a F/R.

SrulyP · « **Reply #3717 on:** March 12, 2015, 04:00:59 PM »

Quote from: yitzf on March 12, 2015, 03:59:39 PM

Just saw you original post.
When they request your tax transcript, it gives the total income and is not broken down by husband/wife. If one of you has income you both should be able to pass a F/R.

Thanks for this, hopefully wont ever need it, but if i do it will help!

TimT · « **Reply #3718 on:** March 12, 2015, 09:49:39 PM »

Quote from: SrulyP on March 12, 2015, 04:00:59 PM

Thanks for this, hopefully wont ever need it, but if i do it will help!

Amex F/R isn't the end of the world. Many get through it fine. Chase A/A OTOH

steves · « **Reply #3719 on:** March 15, 2015, 09:36:01 PM »

Has anyone has success in passing an F/R when they asked you to send in tax returns and instead you just sent them your bank statements?

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Author Topic: Amex F/R Master Thread (Read 2132512 times)