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…
By: Robert E. McKenzie 1. A CHANGING IRS IRS Workforce 1.10 Because of Congressional cuts in IRS budgets its workforce continued to shrink until 2008. In 2009 and 2010 the IRS had its budgets grow and its workforce grew. In…
This article by Robert E. McKenzie was originally published in Forbes.
By Robert E. McKenzie Depriving Taxpayers of Administrative Due Process of Law Many practitioners have observed the aggressive approach that the IRS has recently taken to collect taxes from alleged nominees and alter egos of delinquent taxpayers. This summary collection approach deprives the alleged…
Below are links to the latest revisions of the national standards used in collection financial analysis. The charts show the itemized monthly national standards and the total money national standards as revised in March 2010. The new standards are effective…
On September 13th, Robert E. McKenzie participated in an IRS panel on the dissolution of business partnerships and marriages. Topics discussed: Introduction Hazards to preparer similar in business breakup and marriage breakup Circular 230 provision Divorce Change in filing status When…
Robert McKenzie Forbes Blog on Reducing IRS Penalties Custom Search
Procedural Requirements for Imposition of Penalties and Additions to Tax
The Internal Revenue Service Restructuring Act required that each notice imposing a penalty include the name of the penalty, the Code section imposing the penalty, and a computation of the penalty. The Act also requires the specific approval of IRS management to assess all non computer generated penalties unless excepted. This provision does not apply to failure to file penalties, failure to pay penalties, or to penalties for failure to pay estimated tax.
8-24-12 Robert E. McKenzie Appearance on Money For Lunch Talk Radio
Over the years the IRS offer in compromise program has been the subject of a great deal of criticism by Congress, the National Taxpayer Advocate and taxpayer representatives. The new initiative represents the most dramatic liberalization of IRS settlement policies ever announced. It represents a welcome change from an agency which has always placed substantial roadblocks to those seeking to compromise their tax obligations.