Innovative Strategies For Tax Controversies, Business Structuring And Estate Planning
IRS temporarily stops mailing some automated collection notices Note: The IRS is not mailing some normal notices to Taxpayers and their tax lawyer because the IRS is behind in processing millions of original and amended tax returns. This problem started in 2020...
IRS employees, including Revenue Officers who are IRS tax collection people, and Revenue Agents, that perform the audit function, are “working” from home. There are very few telephone calls, faxes, emails or other contacts from the IRS employees. Do not be lured by...
BUSINESSES CAN UTILIZE THE SAME INFORMATION IRS AUDITORS USE TO EXAMINE TAX RETURNS The IRS uses Audit Techniques Guides (ATGs) to help IRS examiners get ready for audits. Your business can use the same guides to gain insight into what the IRS is looking for in terms...
IRS AUDIT TECHNIQUES GUIDES PROVIDE CLUES TO WHAT MAY COME UP IF YOUR BUSINESS IS AUDITED IRS examiners use Audit Techniques Guides (ATGs) to prepare for audits — and so can small business owners. Many ATGs target specific industries, such as construction. Others...
The IRS is not calling to arrest you! Today, a new client appeared in my office and explained he needed a consultation right away. This is very strange because most people call to set up an initial conference and we discuss the case on the telephone before meeting....
The IRS has finally announced that it will stop the automatic issuing of federal tax liens, levies and executions during the government shut down. Unfortunately, many automatic levies have been issued by the IRS and there is no one in the IRS to talk to or negotiate...
THE IRS IS SCALING BACK OPERATIONS DURING THE GOVERNMENT SHUTDOWN These are the things to remember: 1. FILE all tax returns on time. 2. PAY all tax deposits and balances on time. For example, the October 15 extension date for filing Individual returns still applies....
The following are the latest items the IRS focuses on for Tax Audits: 1. Company Cars – Employers frequently don’t report the taxable benefit that employees receive from their personal use of company-owned cars. The IRS plans to focus on the use of company cars,...
Even the the return is much greater for auditing large businesses, the IRS is focusing on auditing small businesses reports Atlantic Monthly. The reason is large firms have the resources to fight the IRS and drag on audits while smaller companies do not hire the tax...
