An overemphasis on cycle time creates incentives for IRS employees to take actions quickly, even where doing so produces inaccurate results or delays the final resolution of problems.
The IRS recently announced a new voluntary disclosure for companies with misclassified workers.
By: Robert E. McKenzie ©2011 Custom Search 1. COLLECTION IRS PROCESSING OF NOTICES OF DELINQUENT TAXES DUE Tax Collection 1.10 The IRS Collection Division attempts to collect delinquent taxes as inexpensively and rapidly as possible. To accomplish this task…
When a taxpayer requests an installment agreement for larger tax liabilities or proposes an offer in compromise, the IRS applies allowable expense standards. Total allowable expenses include those expenses that meet the necessary expense test. The necessary expense test is defined as expenses that are necessary to provide for a taxpayer’s and his or her family’s health and welfare and/or production of income. The expenses must be reasonable. The total necessary expenses establish the minimum a taxpayer and family needs to live and serve as the basis for granting installment agreements and offers in compromise.
Robert McKenzie was recognized in an article in the April/May 2009 edition of CPA Magazine entitled the “Top 40 Tax Advisors to Know During a Recession.” State society and national association of CPAs and accountants nominated the candidates. Each candidate was then asked to submit words of advice about tax planning during a recession.
PURCHASE REPRESENTATION BEFORE THE COLLECTION DIVISION FROM THOMSON WEST REPRESENTATION BEFORE THE COLLECTION DIVISION. Now you can own the best selling book used by tax professionals who represent taxpayers before the IRS . [ad#HTML] Representation Before The Collection Division…
The new bankruptcy reform was signed into law by the president in April, 2005. It willbecome effective on October 17, 2005. . Generally families earning more than the state median, about $45,000 in Illinois, will be will face huge roadblocks to filing a Chapter 7 bankruptcy on consumer debts and only be allowed to file Chapter 13. Prior to seeking the protection of bankruptcy debtors will be required to pay for debt counseling as a first step. The following is brief summary of the major tax related provisions of the act.
In 2011 the IRS issued a new offer in compromise form. Taxpayers proposing compromises based upon doubt as to collectibility of effective tax administration must submit revised Form 656. Taxpayers proposing an offer based upon doubt as to liability must now submit Form 656-L and a narrative setting forth defenses to the liability. To comply with the new downpayment requirements taxpayers must submit Form 656-PPV with the required downpayment.
In this article tax attorney Robert E. McKenzie discusses the Trust Fund Recovery Penalty. Trust Fund Recovery Penalty Custom Search
In this 2006 article, tax attorney Robert E. McKenzie discusses tax scams. Tax Scams Custom Search Tax Scams