Many tax controversies are better resolved sooner rather than later. Accordingly, it is often to your client’s advantage for you to begin work on the case promptly. Your first goal should be to accurately gather the necessary information. You must control this information gathering process. Otherwise, the client will often inundate you with reams of useless information while neglecting to hand over truly important documents. The initial interview with the client is an important step in your preparation for audit.
IRS National Taxpayer Advocate Issues Scathing Report on the Folly of Cutting the IRS Budget.
Nina Olson, the IRS National Taxpayer Advocate, recently released her 2014 Annual Report to Congress. It is clear from that report that many in Congress are hell bent to destroy the Internal Revenue Service. By dramatically cutting the IRS budget, Congress is systematically destroying what was once the most efficient tax agency in the world.
The National Taxpayer Advocate’s conclusions are stark and disappointing for the 82% of Americans who fully comply with our tax laws. On the other hand, Congress has created great opportunities for the 18% of the American public who fail to fully comply with our tax laws.