IRS issued the following news release on the slavery reparations scam in
July 1996. The news release implies that this was a recycled scam then.
Here it is:
=========================
IRS News Release #IRFS-96-8 July, 1996
Reparation Tax Claims Still Being Denied
The Internal Revenue Service is once again receiving and denying
thousands of illegitimate tax claims for slavery reparations to
African-Americans.
In April 1993, Essence Magazine published an article leading
African-Americans to believe they could file tax claims with the IRS for
reparations payable to descendants of slaves.
The basis for the claims dates back to the post-Civil War period when
Congress voted to provide former slaves 40 acres and a mule as a form of
redress for their years in slavery. The bill was vetoed by President
Andrew Johnson, and there is currently no provision in the Internal
Revenue Code that allows for any reparation payable to African-Americans
for slavery.
After the article appeared, the IRS received and denied more than 20,000
of these illegitimate tax claims in 1994. The issue still arises
sporadically and the IRS receives and denies more of the claims.
Recently, the issue came up again, with scam operators telling people
they can fill out IRS Form 2439, a notice to shareholders of
undistributed long-term capital gains, to collect the slavery
reparations. IRS forms distribution sites are now receiving thousands
of requests daily for Form 2439.
These claims are illegitimate and will be denied. Taxpayers making
claims for reparations for slavery will receive a denial letter from
IRS. Taxpayers who file a subsequent tax claim for reparations after
they receive a denial notice could receive a $500 penalty for filing a
frivolous tax return. Last spring, a Dallas man was charged with
causing the filing of a fraudulent return in a related situation in that
city. His trial is pending.
============================
Barney Byrd
B_B...@prodigy.net
Sent via Deja.com http://www.deja.com/
Before you buy.
--
Gary L. Dare
g...@ripco.com
Ripco, Chicago's Oldest Online Information Service
Think of the genealogy information you'd have to have to support such a
claim of refund.
--
Paul A. Thomas, CPA
Athens, Georgia
tax...@negia.net
Does anybody know if the Essence Magazine article referred to above is
available on the Internet? I'd like to read it.
Barney Byrd
B_B...@prodigy.net
> Does anybody know if the Essence Magazine article referred to above is
> available on the Internet? I'd like to read it.
Couldn't find the article online, but October was the
"special money edition" of Essence.
http://www.essence.com/magazine/this_issue/ti_0900.shtml
Don EA in Upstate NY
In New York State, there are two deductions allowed for
Holocaust victims: income from court settlements,
and income from stolen assets recovered.
--
If you fervently believe you're right, that doesn't make it so.
Salt of the Earth - sse...@mindless.com