Someone sucked all the money out of my savings and checking accounts today. My E*Trade account is about to get seized by the state for back taxes they think I owe (my accountant is still working on the returns for the last three years due to discrepancies on E*Trade's part during my "day trading" days). I suspect it's the looney guy from the CA Franchise Tax Board.
I don't know what to do. How the hell am I supposed to pay bills when I can't write checks or put the funds in for the folks who are supposed to auto-suck them? Do I need a tax lawyer? Do I need a bankruptcy lawyer?
I just got off the phone with the bank. They say it's the CA Franchise Tax Board (FTB), aka "the state income tax people," putting a levy on my account.
My income taxes for 2000-2002 are still being worked on. I did a lot of day trading in those years, and E*Trade lost some of the transactions.
The FTB thinks I owe over $650k. My accountant says it's closer to $60k, which, while still alot, wouldn't kill me.
My next call out is going to be to my accountant. I called him last night and got his voice mail. OTOH, I've got to be at the station in just over an hour (I'm filling in this afternoon).
The bank says nothing can happen before Tuesday because Monday's a state holiday. The lady at the bank says there's only one good thing: They can't use this order to suck any more funds, so any further deposits will stay there -- at least till they put together Yet Another Levy.The FTB guy on my case starts work at 7am; the bank's Levy Dept. doesn't start work till 9am. You can guess what my Tuesday is going to be like.
Meanwhile, I'm stuck with only the money in my wallet and in my piggy bank till at least then.
When I was growing up in Willingboro, NJ, we lived a few blocks away from my Mom's cousin Paul, his wife Irene, and their son, "little" Paul (he was towering over his father when he was in 6th grade), who was a year younger than me. Irene did a lot of the "Mom" tasks for me my mother didn't like doing, like taking me to age-appropriate movies, taking me swimming, and other such stuff. Paul, in some ways, was more like a brother to me than my own brother.
Over the years we lost touch, but tonight I got e-mail from him. He asked if I "remembered" him. I'd seen his name come up on geneaology boards, but I was afraid to contact him after all these years (I last heard from him when I got an invitation to his wedding that arrived a week after the wedding).
I am soooo glad to hear from him. I hope to meet his wife and kids the next time I'm in NJ. w00t!