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Eight Mistakes Tax Practitioners Make When Negotiating With the IRS

Eight Mistakes Tax Practitioners Make When Negotiating With the IRS

Important Tips to Keep From Getting Your Client in MORE Hot Water

Representing citizens with IRS problems is a challenge. The IRS has little sympathy for delinquent individuals and businesses. Fortunately, citizens have rights and, through their legal representative, they can successfully negotiate a resolution that allows them to move on with their lives. To effectively represent their clients, tax practitioners must know the law, the rules and IRS policy.

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The IRS Is Impossible To Deal With

IRS Myth: The IRS Is Impossible To Deal With

The IRS has rules that they must follow. There is the Internal Revenue Code. That is the law and whether they like it or not, they must follow it. They also have the Internal Revenue Manual which they follow 100% of the time as long as they like what it says. When they do not like what it says, they follow it 0% of the time. The Manual contains their rules and guidelines, but it is this not the law, meaning taxpayers are not bound by it. It is my job as a Tax Attorney to hold their feet to the fire and make sure that they comply with the law and follow their own procedures.

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Myths-About-the-IRS

12 Myths About the IRS That Taxpayers Need To Know

I was recently contacted by an organization that offers Continuing Legal Education credits to attorney. They want me to teach a two hour course to attorneys on IRS Problem Resolution. Now I often do this for attorneys, CPAs, and enrolled agents in Florida and around the country but those classes always consist of individuals with at least some tax knowledge or background. They have an interest in this area of the law.

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The IRS Returns to Florida

The IRS Returns to Florida

They’re baaaack. After 4 1/2 months of no activity, the IRS will be back in Florida on February 1. None of the Revenue Officers (who are the collectors) or the Revenue Agents (who are the auditors) physically left the state, but they have been quiet.

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Florida tax attorney cnc

Owe the IRS Money and Can’t Make Payments?

One of my favorite tax problem solutions is to have the IRS declare my client Currently Not Collectible (CNC). This is for citizens who cannot make even the smallest payments on their outstanding debts. Maybe they are out of work, short or long term, or maybe they just do not make enough income to pay all of their expenses. If this is the case, CNC status is often the answer.

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Why Taxpayers Should Never Talk to the IRS!!

“Before I get help for my IRS problem, I’m going to go speak personally to the IRS officer or agent. Once they hear what I have to say, I am sure they will understand.” Some people who receive a notice from the IRS think that this is a great strategy because after all, what could go wrong? The answer is EVERYTHING.

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Teaching Boot Camps and Having a Blast

Earlier this year I was asked by the American Society of Tax Problem Solvers to teach two day IRS Tax Resolution Boot Camps around the country. The attendees are attorneys, CPAs and enrolled agents. Some of them have experience in this field, but the majority have never handled an IRS Collections case.

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The IRS has 10 Years to Collect, But …

When I obtain transcripts from the IRS for my clients I always look for the day the tax was assessed because the IRS only has 10 years to collect the debt. However, there are some events that can occur over that period of time that stops the Statute of Limitations temporarily. They include offers in compromise, collection due process hearings, requests for installment agreements, and bankruptcies.

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Are You Going To Get Audited By The IRS?

The short answer is “probably not.” Less than 1% of tax returns are audited. Generally, there is a reason for the ones that get chosen. When the IRS receives a tax return, they score it. This identifies the tax returns where the numbers are outside the average from someone whose work is similar to the taxpayer.

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Tax Identity Theft: What You Need To Know

Tax-related identity theft has impacted more than 1 million federal taxpayers to date, according to a recent USA Today article. While the same article writes that incidents of identity theft related to fraudulent tax returns has decreased in the past year, IRS Commissioner John Koskinen recently testified that the nature of tax identity theft has shifted: Once committed by individuals, he says tax identity theft now involves sophisticated crime syndicates who hack internal online systems to gain personal taxpayer information.

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Settling Your IRS Tax Debt

Learning that you have tax debt can be unwelcome financial news, especially if you didn’t account for additional tax payments in your budget.

Though you’re legally obligated to settle back taxes that are legitimately owed, there are cost-effective payment methods you can use to settle IRS tax debt. Here are some of the most popular payment options to consider for tax debt relief, and the pros and cons of each.

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How to Deal With An IRS Audit

Being the subject of any tax audit can be stressful, but the intensity magnifies when an audit involves the Internal Revenue Service. Here are a few tips to help you deal with an IRS audit as efficiently and affordably as possible.

Understand why you’re part of an IRS audit. The IRS uses a computer system to “flag” certain tax returns for audit. Taxpayers with taxable income of more than $200,000, those who are self-employed and file a tax return with significant claimed business expenses relative to reported income, or those who claim high charitable contributions relative to income may be “high-risk” for an IRS audit, according to experts at the Society of Grownups.

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