Robert E. McKenzie was recently featured in The Wall Street Journal article, “Donald Trump May Be Able to Slow His Tax Audit.” The article discusses how Donald Trump and his attorneys have some ability to slow the audit process. According to…
In Robert E. McKenzie's latest blog for Forbes' "IRS Watch," he explains Audit Techniques Guides (ATGs) that the IRS relies upon for ensuring consistency. According to Mr. McKenzie, the ATGs contain examination techniques, common and unique industry issues, business practices, industry…
Robert E. McKenzie recently contributed to Forbes' "IRS Watch" section in an article, "Afraid to File Your Return Because You Owe IRS? Here's How IRS Collects Delinquencies." Mr. McKenzie explains that the IRS Collection Division attempts to collect delinquent taxes as inexpensively…
Last winter, Congress passed the 2015 Fixing America’s Surface Transportation Act to address our nation’s infrastructure. The FAST Act allows the IRS, for the first time, to share information with the State Department, which can cause the State Department to take…
Since 2012 the IRS has been much more willing to compromise with taxpayers with overwhelming tax debt than in the prior decade. IRC §7122 permits the IRS to accept offers in compromise in settlement of tax obligations for less than…
FRESH START INITIATIVE 2012- Fresh Start Initiative For offers in Compromise 1.10 On May 21, 2012 the Internal Revenue Service announced another expansion of its "Fresh Start" initiative by offering more flexible terms to its Offer in Compromise (OIC) program…
"Know The Process, Know Your Rights" Criminal Tax Issues The IRS Criminal Investigation Division has increased its efforts to prosecute dishonest taxpayers over the last few years. Although every client who becomes the subject of a CI investigation should be…
This article, authored by Robert E. McKenzie, was originally published in CPA Magazine.
Tax season is upon us, and Arnstein & Lehr’s Chicago partner Robert McKenzie helps shed some light on new rules for offshore foreign account filing. The Foreign Account Tax Compliance Act’s (FATCA) was passed in 2010 after Congress discovered the…
Not everyone is intentionally doing something wrong when it comes to filing taxes. In some cases, it is simply a lack of understanding of U.S. rules and regulations. If an immigrant has been in the U.S. for 180 days, they…