Chicago Illinois Form 5329 2024-2025

Chicago Illinois Form 5329: What You Should Know

The interviewer should tell you about the interview; ask what the goals of the interview are; and describe other items on a list provided with the interview form. Do not try to find out why the IRS has decided to interview you without providing some rationale. The  following questions are directed toward the individual. (5.7.4) 5.7.4.1 “Why did the IRS choose you for the process?” The interviewer should say why the IRS chose the particular person the IRS is interviewing. A clear purpose is important in all interactions with IRS interviewers. The interview is for information, not to make decisions. The IRS does not want to know details about your life outside the interview. However, the interview will do some simple things to determine if your finances are proper. 5.7.4.2 “What is your financial situation in the past, current and expected future?” Why did the IRS choose you? (See also 1.1.5.8) (see Question 4.5) What is your current financial status? (See also 5.1.3.1) What is your current financial forecast? What percentage of your gross income do you expect to receive in the next 12 months? How do you expect your financial condition to change in the next 12 months? (See also 5.5, above) 5.7.4.3 “What problems might the IRS have in assessing your assets and your income, and would you be willing to make changes to address them? (See also 5.1.2.1, above) The interviewer should explain what problems the IRS may have and indicate what changes the IRS may be willing to make. 5.7.4.4 “Please explain why changes should be made regarding your tax return prepared form.” 5.7.4.5 “Please tell us what you would like the IRS to be doing in assessing your financial situation.” 5.7.4.6 “Please tell us what changes you would like the IRS to make.” 5.7.4.7 “Have you ever been sued or prosecuted?” 5.7.4.8 “If you had to be sued, what would be the type and amount of damages?” 5.7.4.9 “Please describe a situation you found unpleasant.” 5.7.4.

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