Can't reach IRS? Claimyr connects you to a live IRS agent in minutes.
Claimyr is a pay-as-you-go service. We do not charge a recurring subscription.
Using Claimyr will:
- Connect you to a human agent at the IRS
- Skip the long phone menu
- Call the correct department
- Redial until on hold
- Forward a call to your phone with reduced hold time
- Give you free callbacks if the IRS drops your call
If I could give 10 stars I would
If I could give 10 stars I would If I could give 10 stars I would Such an amazing service so needed during the times when EDD almost never picks up Claimyr gets me on the phone with EDD every time without fail faster. A much needed service without Claimyr I would have never received the payment I needed to support me during my postpartum recovery. Thank you so much Claimyr!
Really made a difference
Really made a difference, save me time and energy from going to a local office for making the call.
Worth not wasting your time calling for hours.
Was a bit nervous or untrusting at first, but my calls went thru. First time the wait was a bit long but their customer chat line on their page was helpful and put me at ease that I would receive my call. Today my call dropped because of EDD and Claimyr heard my concern on the same chat and another call was made within the hour.
An incredibly helpful service
An incredibly helpful service! Got me connected to a CA EDD agent without major hassle (outside of EDD's agents dropping calls ā which Claimyr has free protection for). If you need to file a new claim and can't do it online, pay the $ to Claimyr to get the process started. Absolutely worth it!
Consistent,frustration free, quality Service.
Used this service a couple times now. Before I'd call 200 times in less than a weak frustrated as can be. But using claimyr with a couple hours of waiting i was on the line with an representative or on hold. Dropped a couple times but each reconnected not long after and was mission accomplished, thanks to Claimyr.
IT WORKS!! Not a scam!
I tried for weeks to get thru to EDD PFL program with no luck. I gave this a try thinking it may be a scam. OMG! It worked and They got thru within an hour and my claim is going to finally get paid!! I upgraded to the $60 call. Best $60 spent!
Ask the community...
- DO post questions about your issues.
- DO answer questions and support each other.
- DO post tips & tricks to help folks.
- DO NOT post call problems here - there is a support tab at the top for that :)
Join the conversation
Join the conversation
For your AI tool, don't forget about administrative materials beyond just the tax code. A huge part of my research involves Treasury regulations, Revenue Rulings, Revenue Procedures, Private Letter Rulings, Technical Advice Memoranda, and Chief Counsel Advice. Court cases are also crucial since judicial interpretations can dramatically affect how tax laws are applied. These aren't always easy to find in one place, which makes research time-consuming.
Do you have any recommendations for keeping track of all these different sources? I'm a new CPA and finding it overwhelming to organize everything.
I use a combination of methods. For larger clients with recurring issues, I maintain dedicated folders organized by topic rather than by client, which helps when similar issues come up with different clients. I also keep a personal knowledge base with notes on important rulings and interpretations. For research organization, I've found that creating summary documents with hyperlinks to primary sources works better than trying to save everything. Focus on understanding the principles and knowing where to find the details when you need them, rather than memorizing everything.
Ev Luca
Don't forget about state tax resources! I specialize in multi-state taxation and it's a nightmare keeping up with 50+ different jurisdictions. The Federation of Tax Administrators website has links to all state tax departments. Also, many states have taxpayer advocate services that can provide guidance on complex state-specific issues.
Avery Davis
ā¢State tax compliance is the bane of my existence! Do you use any specific tools for state tax research?
Join the conversation
Back to the original question - there are legitimate ways people end up with 1099-Cs that aren't sketchy. I've had clients get them from: 1. Mortgage debt forgiveness on underwater homes 2. Credit card settlements (pay $5K on a $15K balance, get a 1099-C for $10K) 3. Business loans that failed and eventually got written off 4. Medical debt that went to collections and was settled 5. Car repos where they owed more than the car was worth Most people don't plan to get a 1099-C - it usually comes after financial hardship. Your clients may be doing well now, but could have had past issues.
Mia Green
ā¢Is it possible to deliberately seek debt cancellation as a strategy? I have clients asking about this as if it's a financial hack.
You can strategically settle debts for less than you owe, knowing you'll get a 1099-C, but it's not the "free money" hack people think it is. Here's why: First, you'll pay income tax on the forgiven amount - often 22-24% for most people. Second, your credit score takes a massive hit that can last 7+ years, affecting everything from mortgage rates to insurance premiums. Third, you generally need to be significantly behind on payments before creditors will settle, which means months or years of collection calls, potential lawsuits, and stress. Some clients come in thinking debt settlement is a clever financial strategy, but for most people, the long-term costs outweigh the benefits. The clients who come out ahead usually had legitimate hardships and no real ability to pay the original debt, so the tax hit is better than bankruptcy.
Emma Bianchi
I had this EXACT situation with a client last month. Made nearly $200k but had three 1099-Cs totaling over $40k. Turns out they had invested in a restaurant franchise that failed during covid. The business took out loans, and when it went under, the loans eventually got written off but my client was a personal guarantor. They're doing well financially now, but that failed business venture is still causing tax headaches. It's usually not the currently wealthy trying to game the system - it's people who had legitimate financial troubles in the past and are recovering.
Would the Qualified Principal Residence Indebtedness exclusion apply to business debts like that? Or just primary residence mortgages?
Join the conversation
10 Don't forget about sales tax considerations when selling to schools! Public schools are usually tax-exempt but require you to keep their exemption certificate on file. Each private school might have different tax status. This varies by state, but it's a major headache if you don't set it up correctly from the beginning.
2 Do you have to have separate tax exemption forms for each school or can the district provide one form that covers all their schools? I'm looking at working with a district with 15+ schools and don't want to chase down individual paperwork from each one.
10 Most school districts can provide a single tax exemption certificate that covers all schools within their district. You'll want to contact the district's business office or accounting department rather than individual schools. They typically have a standardized process for vendors. Private schools are different - each one operates independently and you'll need separate documentation for each. Also, be aware that in some states, only certain categories of purchases by schools are tax-exempt (like instructional materials), while others might be taxable. Your state's department of revenue website should have specific guidance for educational sales.
5 Something nobody's mentioned yet - consider setting up a separate "educational sales" category in your accounting system from day one. I learned this the hard way with my craft supply business. It makes tracking profitability of that segment MUCH easier, plus if you get audited, having those sales pre-categorized saves tons of time. If your POS system allows it, create specific discount codes for tracking teacher discounts vs. school institutional purchases.
14 Smart advice! What percentage discount do you typically offer to teachers vs. schools as organizations? I'm trying to figure out a structure that's attractive enough but doesn't kill my margins.
Join the conversation
Brian Downey
Something nobody mentioned yet - make sure you're using the correct versions of the forms. The IRS updated Form 433-A in 2023 and many people still use old versions they find online. Go directly to IRS.gov to get the current version.
Jacinda Yu
ā¢Is there a significant difference between the old and new versions? I found one from a few years ago in my files and was planning to use that as a template.
Just wanted to add - make sure you check if your state requires separate OIC forms for state taxes. I made this mistake with my passthrough LLC. Got the federal OIC sorted out with 433-A but completely forgot about state taxes until they sent me a collection notice. Each state has different requirements for defunct LLCs with tax debt.
Lorenzo McCormick
Something nobody's mentioned yet - if your LLC is taxed as an S-Corporation, there's another wrinkle to consider. You need to be really careful about how you document any money moving from personal to business accounts to avoid it looking like constructive dividends going the wrong way. My accountant always advises setting up a clear paper trail showing the funds as either 1) additional paid-in capital or 2) a formal loan to the business with proper documentation. Just randomly moving money between accounts without documentation is asking for trouble if you're ever audited.
0 coins
Carmella Popescu
ā¢What kind of documentation would you need for the loan option? Is a simple promissary note enough or does it need to be more formal?
0 coins
Lorenzo McCormick
ā¢For a loan to your business, you need more than just a promissory note, though that's a good start. You should have a formal loan agreement that includes the principal amount, interest rate (should be at or above the applicable federal rate), repayment schedule, and consequences of default. Both parties should sign and date it. You also need to treat it like a real loan - make the scheduled payments, record the interest properly, and have your business actually pay you back according to the terms. If you don't follow through with actual repayments, the IRS could reclassify it as a capital contribution or income.
0 coins
Kai Santiago
Just FYI - no matter how you structure moving the money from personal to business accounts, you're still gonna pay the same taxes on your stock gains. The only difference is whether you'll have proper documentation for the business side of things. And don't forget that different tax rates apply to stock gains depending on how long you held them! If you held the stocks for more than a year, those are long-term capital gains with lower tax rates. If less than a year, they're short-term gains taxed at your ordinary income rate.
0 coins
Lim Wong
ā¢This is the key point - the stock profits are taxed the same either way. What you're really asking about is the best way to get money into your business for equipment purchases, not how to reduce taxes on your stock gains.
0 coins